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Jeera future decline on ample stocks

22 Feb 2014 Evaluate

Jeera future traded down on NCDEX due to ample stocks in physical market following increasing arrival of the new crop. Moreover, trimming of positions by speculators due to weak domestic and export demand too impacted the sentiments.

The contract for March delivery was trading at Rs 11570.00, down by 0.11% or Rs 12.50 from its previous closing of Rs 11582.50. The open interest of the contract stood at 6471.00 lots.

The contract for April delivery was trading at Rs 11520.00, down by 0.30% or Rs 35.00 from its previous closing of Rs 11555.00. The open interest of the contract stood at 5175.00 lots on NCDEX.