Jeera softens 0.3% on supply pressure
Hopes of higher output this season also put pressure on jeera
)
Jeera futures for April declined by Rs 37.50, or 0.29% to Rs 13,015 per quintal with 10,188 lots.
At the National Commodity and Derivatives Exchange (NCDEX), the May contract also traded lower by Rs 25, or 0.19% to Rs 13,210 per quintal in 6,360 lots.
Prices softened as speculators trimmed their positions, triggered by rising supplies from the new season crop at spot market against subdued demand.
Hopes of higher output this season also put pressure on jeera.
At the National Commodity and Derivatives Exchange (NCDEX), the May contract also traded lower by Rs 25, or 0.19% to Rs 13,210 per quintal in 6,360 lots.
Prices softened as speculators trimmed their positions, triggered by rising supplies from the new season crop at spot market against subdued demand.
Hopes of higher output this season also put pressure on jeera.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 25 2013 | 2:40 PM IST