Jeera futures fall 1.77% on subdued demand

Image
Press Trust of India New Delhi
Last Updated : Sep 24 2014 | 5:13 PM IST
Jeera prices declined 1.77 per cent to Rs 10,555 per quintal in futures market today as speculators trimmed positions amidst subdued demand in the spot market.
Further, expectations of higher output put pressure on jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in November fell by Rs 190, or 1.77 per cent, to Rs 10,555 per quintal with an open interest of 1,506 lots.
Similarly, the spice for delivery in October declined by Rs 180, or 1.69 per cent, to Rs 10,460 per quintal in 5,265 lots.
Market analysts attributed the fall in jeera prices in futures trade to adequate supplies from producing belts against weak demand in the spot market.
*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 24 2014 | 5:13 PM IST

Next Story