Muted demand drags down jeera futures 0.64 pc on December 29

29 December,2017 02:42 PM IST |   |  PTI

Jeera prices declined by 0.64 per cent to Rs 21,535 per quintal in futures trade on Friday as traders cut down positions amid easing demand at the spot markets


New Delhi: Jeera prices declined by 0.64 per cent to Rs 21,535 per quintal in futures trade on Friday as traders cut down positions amid easing demand at the spot markets. Improved arrivals from major producing belts also fuelled the downtrend. In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in January fell by Rs 140, or 0.64 per cent, to Rs 21,535 per quintal with an open interest of 12,570 lots.

Representational picture

On similar lines, the spice for delivery in March traded lower by Rs 100, or 0.56 per cent, to Rs 17,680 per quintal in 5,811 lots. Analysts said trimming of positions by participants amid subdued demand at the spot market, mainly led to the fall in jeera prices in futures trade.

Catch up on all the latest Mumbai news, current affairs from Mumbai, local news, crime news and breaking headlines here

Catch up on all the latest Mumbai, National and International news here

Download the new mid-day Android and iOS apps to get updates on all the latest and trending stories on the go

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!
Related Stories