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Jeera futures trade down on slowing overseas demand

Jeera futures trade down on slowing overseas demand

Jeera futures traded down on NCDEX due to trimming of positions by market players as demand from overseas market has slowed down. However, lower arrivals in the benchmark market of Unjha and Rajasthan capped downside.

The contract for July delivery was trading at Rs 17210, down by 0.29% or Rs 50.00 from its previous closing of Rs 17260. The open interest of the contract stood at 3054 lots.

The contract for August delivery was trading at Rs 17355, down by 0.29% or Rs 50.00 from its previous closing of Rs 17405. The open interest of the contract stood at 4929 lots on NCDEX.