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After Wednesday’s rally, jeera futures declined by 3.08 per cent on the back of profit booking by market participants on Thursday. Spot prices continued to rule firm on export demand.
A report from Kedia Commodity said: “Fresh export enquiries and improved domestic buying aided sentiment while slack stocks with other leading producers also supported the uptrend.
Limited stocks and less exportable surplus with Syria and Turkey after lower production are boosting overseas sales from India. Stockists buying is very strong in the market.”
At Unjha, prices increased by Rs 45-50 to Rs 2,525-2,625 for 20 kg, NCDEX quality raw quoted at Rs 2,875-3,025.
Arrivals were at 12,000-13,000 bags and traded around 16,000-17,000 bags.
On the National Commodity and Derivatives Exchange (NCDEX), jeera for August delivery eclined Rs 515 to Rs 16,225 a quintal . NCDEX September contract decreased Rs 505 to Rs 16,687.50 .
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