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Jeera weakens on increased arrivals

Weak export demand also pulled the spice lower

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Press Trust of India New Delhi

Jeera futures prices today weakened by Rs 35 to Rs 13,435 per quintal on increased arrivals from producing belts amid weak export demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in June declined by Rs 35, or 0.26%, to Rs 13,435 per quintal, with an open interest of 17,895 lots.

The July contract lost Rs 32.50, or 0.23%, to Rs 13,815 per quintal in 11,115 lots.

Market analysts said increased arrivals from producing belts against subdued export demand, mainly helped jeera prices to trade lower at futures trade.

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First Published: May 22 2012 | 1:48 PM IST

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