Commodities

Jeera falls on subdued domestic, export demand

PTI New Delhi | Updated on February 14, 2011

Amid subdued export demand, jeera prices fell in futures trade today. -- P.V. Sivakumar   -  Business Line

Amid subdued export demand, jeera prices fell by 1.30 per cent in futures trade today.

However, estimates of lower production and weak supplies from fresh crop, capped losses.

At the National Commodity and Derivatives Exchange, jeera for delivery in May fell by Rs 226 or 1.30 per cent to Rs 17,125 a quintal, with an open interest of 135 lots.

Similarly, the spice for delivery in February declined by Rs 8 or 0.05 per cent to Rs 16,050 a quintal, clocked a business turnover of 4,260 lots.

Market analysts said weak export demand mainly put pressure on futures prices but tight supplies following estimates of lower production, restricted losses.

Published on February 14, 2011

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