Jeera futures decline on subdued demand

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:13 PM IST

Jeera prices declined by Rs 56 to Rs 14,550 per quintal in futures trading today due to weak domestic as well as exports demand against adequate stocks position.

At the National Commodity and Derivatives Exchange, jeera for delivery in August declined by Rs 56, or 0.38%, to Rs 14,550 per quintal, with an open interest of 7,821 lots.

The June contract lost Rs 26, or 0.19%, to Rs 13,750 per quintal, with a business turnover of 10,674 lots.

Analysts said weak domestic as well as export demand mainly led to the decline in jeera futures prices.

*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

More From This Section

First Published: Jun 10 2011 | 1:32 PM IST

Next Story