Jeera futures down 1.19% on weak export demand

Image
Press Trust of India New Delhi
Last Updated : Feb 22 2016 | 5:42 PM IST
Jeera prices were down by 1.19 per cent to Rs 14,095 per quintal in futures trading today as participants cut down their bets, driven by a decline in export demand at the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in March dropped by Rs 170, or 1.19 per cent to Rs 14,095 per quintal with an open interest of 6,183 lots.
On similar lines, the spice for delivery in far-month April traded lower by Rs 160, or 1.12 per cent to Rs 14,070 per quintal in 5,766 lots.
Market analysts said trimming of positions by traders, triggered by subdued export demand in the spot market against adequate stocks mainly influenced jeera prices at futures trade.
*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: Feb 22 2016 | 5:42 PM IST

Next Story