Commodities

Jeera down on weak export demand

PTI New Delhi | Updated on April 04, 2011

Analysts attributed the fall in jeera prices to weak export demand. However, lower output estimates, restricted the losses, they added. PHOTO: P.V. Sivakumar   -  Business Line

Jeera futures prices fell by 1.07 per cent to Rs 15,645 a quintal today after speculators reduced their positions, driven by weak export demand.

However, poor output estimates because of delayed sowing and unfavourable weather, limited losses. At the National Commodity and Derivatives Exchange, jeera for delivery in April fell by Rs 170 or 1.07 per cent, to Rs 15,645 a quintal, with an open interest for 14,454 lots.

Similarly, the spice for delivery in May fell by Rs 159 or 0.98 per cent to Rs 16,031 a quintal, with a business turnover of 15,225 lots.

Analysts attributed the fall to weak export demand. However, lower output estimates, restricted the losses, they added.

Published on April 04, 2011

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