Jeera futures fall on fresh arrivals

PTI New Delhi | Updated on March 09, 2011

Jeera prices dropped by Rs 264 to Rs 16,969 a quintal at the National Commodity and Derivatives Exchange (NCDEX) today on fresh arrivals in the physical market.

At the NCDEX, jeera for delivery in May dropped by Rs 264 or 1.53 per cent to Rs 16,969 a quintal, with an open interest of 6,486 lots.

Likewise, the spice for delivery in March contract fell by Rs 223 or 1.36 per cent to Rs 16,135 a quintal, with an open interest of 7,857 lots.

Market analysts said apart from increased supplies in the physical markets, weak export demand influenced prices.

Published on March 09, 2011

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