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Jeera falls 0.86% on higher arrivals

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:11 AM IST

Jeera prices fell by Rs 102.50 to Rs 11,880 per quintal in futures trading on higher arrivals from producing region in the spot market against lower demand.

Reports of increased output this year also put pressure on jeera prices at futures market.

At the National Commodity and Derivatives Exchange, April jeera fell by Rs 105.50, or 0.86%, to Rs 11,880 per quintal, with an open interest of 15,624 lots.

The May spice lost Rs 90, or 0.73%, to Rs 12,172.50 per quintal, with a business volume of 9,525 lots.

Analysts said higher arrivals in the physical market against lower demand mainly led to decline in jeera prices at futures trading.

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First Published: Mar 26 2012 | 1:55 PM IST

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