Jeera crackles on weak buying

Our Correspondent Rajkot | Updated on August 21, 2014 Published on August 21, 2014

Jeera futures fell as demand was weak in the spot market and buying interest in futures was low. Spot price, however, remained unchanged with demand being limited. Sources expect arrivals to remain moderate but till exports pick up significantly, the trend is likely to remain weak.

On the NCDEX, jeera September contract lost ₹45 to ₹11,265 a quintal, with an open interest of 7,692 lots. At Unjha mandi of Gujarat, about 5,000 bags arrived and price was quoted at ₹1,850-2,311 for 20 kg. About 700-800 bags arrived in Rajkot and went for ₹1,824-2,015.

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Published on August 21, 2014
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