Jeera crackles on poor export enquiries

Our Correspondent Rajkot | Updated on June 05, 2014 Published on June 05, 2014

As export and domestic demand dragged jeera futures, spot prices also slipped in tandem. Jeera supplier were higher in many centres putting further pressure on prices. Traders anticipate exports to pick up in the coming weeks.

On the National Commodity and Derivatives Exchange, jeera June contracts decreased by ₹50 to ₹10,960 a quintal, with an open interest of 4,765 lots. NCDEX July contract traded ₹60 lower at ₹11,075 with an open interest of 5,139 lots.

At the Unjha mandi, 10,000 bags arrived for sale and export demand remained at 10,000 bags. It declined by ₹10-12 to ₹1,800-2,150 for a maund of 20 kg.

In Rajkot, total arrivals were 1,500 quintals, up 300 quintals compared with the previous day. According to market sources, the export demand of jeera in local mandis will be lower on the account of fresh supplies.

Published on June 05, 2014
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