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Jeera futures edge lower on subdued demand

19 Jul 2014 Evaluate

Jeera future traded down on NCDEX as speculators offloaded positions, triggered by subdued exports demand. Besides, adequate stock in the physical market on increased supplies from producing regions further fueled the downtrend.

The contract for August delivery was trading at Rs 11705.00, down by 0.09% or Rs 10.00 from its previous closing of Rs 11715.00. The open interest of the contract stood at 6951.00 lots.

The contract for September delivery was trading at Rs 11905.00, down by 0.21% or Rs 25.00 from its previous closing of Rs 11930.00. The open interest of the contract stood at 2529.00 lots on NCDEX.

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