Friday 6 June 2014

Jeera futures decline on sluggish demand

Jeera futures traded down on NCDEX as speculators reduced their holdings on the back of sluggish demand in the spot market. Moreover, the export demand of jeera in local mandis will be lower on the account of fresh supplies which mainly impacted the sentiments.
The contract for June delivery was trading at Rs 10875.00, down by 0.87% or Rs 95.00 from its previous closing of Rs 10970.00. The open interest of the contract stood at 4626.00 lots.
The contract for July delivery was trading at Rs 11000.00,down  by 0.81% or Rs 90.00 from its previous closing of Rs 11090.00. The open interest of the contract stood at 5436.00 lots on NCDEX.

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