Jeera down 0.1% on higher sowing hopes
Some export demand limited the downside
 "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.
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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.