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Jeera futures edge lower on ample supply

28 Jul 2014 Evaluate

Jeera futures traded down on NCDEX due to weak local and export demand against fresh arrivals. Moreover, offloading of positions by speculators against adequate invemtories kept jeera prices lower in the futures market.

The contract for August delivery was trading at Rs 11415.00, down by 0.78% or Rs 90.00 from its previous closing of Rs 11505.00. The open interest of the contract stood at 5730.00 lots.

The contract for September delivery was trading at Rs 11650.00, down by 0.72% or Rs 85.00 from its previous closing of Rs 11735.00. The open interest of the contract stood at 3534.00 lots on NCDEX.