Commodities

Jeera futures down on supply pressure

PTI New Delhi | Updated on April 07, 2011

Analysts attributed the fall in jeera prices to mounting supplies from the new crop in the market amid weak export demand. PHOTO P.V. Sivakumar   -  Business Line

Jeera prices fell by 0.26 per cent to Rs 16,790 a quintal today after speculators reduced their positions, driven by adequate stocks following increased supplies of the new crop.

At the National Commodity and Derivatives Exchange, jeera for delivery in June fell by Rs 43 or 0.26 per cent to Rs 16,790 a quintal, with an open interest for 13,170 lots.

Similarly, the spice for delivery in April shed Rs 35 or 0.22 per cent to Rs 16,017 a quintal, with a business turnover of 13,170 lots.

Analysts attributed the fall in prices to mounting supplies from the new crop in the market amid weak export demand.

Published on April 07, 2011

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