Export, local demand lifts jeera

| Updated on: Apr 19, 2012
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Spot jeera gained on increasing export and domestic demand on Thursday. That lifted the futures market too. Besides, the continuing marriage season has also pushed demand, trade analysts said.

It was up Rs 10-20 to Rs 2,100-2,330 for 20 kg here; about 3,200-3,500 bags arrived in the agricultural produce marketing committee. It traded Rs 10 higher for 20 kg in Unjha. New medium jeera quoted at Rs 1,885-1,985 for 20 kg and raw NCDEX quality at Rs 2,260-2,360 in Unjha. While 35,000 bags arrived, 30,000-32,000 bags were traded.

Raw jeera quoted at Rs 10,700-12,300 a quintal in Jodhpur, Rajasthan, where 22,000 bags arrived.

On the National Commodity and Derivatives Exchange (NCDEX), jeera's May contract was up Rs 120 to Rs 12,195 a quintal with an open interest of 14,856 lots, while June increased by Rs 100 to Rs 12,500 with an open interest of 10,470 lots. Stocks in NCDEX-accredited warehouses gained 140 tonnes to 12,070 tonnes.

Published on April 19, 2012

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