Jeera futures fall 0.75% on subdued demand

Image
Press Trust of India New Delhi
Last Updated : Sep 28 2015 | 12:32 PM IST
Jeera prices fell by 0.75 per cent to Rs 15,905 per quintal in futures trading today as speculators reduced exposure driven by easing demand at spot market against adequate stocks position.
At National Commodity and Derivatives Exchange, jeera for delivery in October moved down by Rs 120, or 0.75 per cent, to Rs 15,905 per quintal with an open interest of 12,759 lots.
Similarly, the spice for delivery in November traded lower by Rs 115, or 0.71 per cent, to Rs 16,190 per quintal in 4,410 lots.
Analysts said offloading of positions by participants, owing to slackened domestic as well as exports demand in the spot market against sufficient stocks position, mainly led to decline in 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: Sep 28 2015 | 12:32 PM IST

Next Story