Jeera down 0.3% on subdued exports demand
Spice for June contract moved down by Rs 35, or 0.32%
)
Jeera remained weak for the second day and prices fell further by 0.36% to Rs 11,030 per quintal in futures market today after speculators offloaded positions, triggered by subdued exports demand.
Besides, adequate stock in the physical market on increased supplies from producing regions further fueled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in July fell by Rs 40, or 0.36%, to Rs 11,030 per quintal with an open interest of 3774 lots.
Likewise, the spice for June contract moved down by Rs 35, or 0.32%, to Rs 10,940 per quintal in 7,746 lots.
Analysts said the fall in jeera futures was attributed to offloading of positions by speculators due to subdued export demands in the spot markets.
Besides, adequate stock in the physical market on increased supplies from producing regions further fueled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in July fell by Rs 40, or 0.36%, to Rs 11,030 per quintal with an open interest of 3774 lots.
Likewise, the spice for June contract moved down by Rs 35, or 0.32%, to Rs 10,940 per quintal in 7,746 lots.
Analysts said the fall in jeera futures was attributed to offloading of positions by speculators due to subdued export demands in the spot markets.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 27 2014 | 11:48 AM IST