Commodities

Domestic buying, export enquiries pull up jeera a tad

Our Correspondent Rajkot | Updated on July 21, 2011

BL22_COM2_JEERA_1

Increasing domestic demand and new export enquiries pulled up jeera prices marginally in spot and futures markets.

Jeera for August delivery rose by Rs 34 to Rs 16,375 a quintal with an open interest of 19,659 lots on the National Commodity and Derivatives Exchange. September contract was up Rs 44 to Rs 16,799 with an open interest of 15,627 lots.

Jeera gained Rs 25 at Rs 2,100-2,825 for 20 kg at the agricultural produce marketing committee in Rajkot.

New arrivals were at around 14,000 bags against 20,000 bags yesterday.

Jeera output in Syria and Turkey is likely around 45,000 tonnes (around 30,000 tonnes in Syria and 15,000 tonnes in Turkey), down almost 10,000 tonnes from earlier projections.According to market sources, Jeera output in the current season is likely to be around 21 lakh bags of 60 kg each against 28 lakh bags during the past year because of lower sowing acreage in Gujarat.

Published on July 21, 2011

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