 "Jeera down 0.1% on higher sowing hopes")
Jeera prices fell by another 0.16% to Rs 13,747.50 per quintal in futures market today as speculators indulged in reducing exposures amid expectations of higher sowing in producing region.
However, some export demand limited the downside.
At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 22.50, or 0.16% to Rs 13,747.50 per quintal with an open interest of 5,394 lots.
Market analysts attributed the fall in jeera futures to hopes of higher sowing in top producing state Gujarat due to ample rains, but good demand from overseas buyers restricted the fall in prices.
Jeera is a winter crop sown from October.
However, some export demand limited the downside.
At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 22.50, or 0.16% to Rs 13,747.50 per quintal with an open interest of 5,394 lots.
Also Read
In a similar fashion, the spice for delivery in September lost Rs 20, or 0.15%, to Rs 13,595 per quintal with an open interest of 8,667 lots. It had lost 0.05% in yesterday's session.
Market analysts attributed the fall in jeera futures to hopes of higher sowing in top producing state Gujarat due to ample rains, but good demand from overseas buyers restricted the fall in prices.
Jeera is a winter crop sown from October.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%