Commodity Online MUMBAI: Jeera futures continued to trade down on Friday at the NCDEX counter owing to higher supply amid lower demand in the spot market.
NCDEX Jeera futures July contract currently quoted lower Rs 19 at Rs 10,680 after being moved in the ranges of Rs 10,730- Rs 10,642 per 100 kg. The open interest is down 3.37 percent, indicating profit taking.
Trade sitting at the comfort of home. Start with a mere 50$The long-term fundamentals remained weak with a better global crop from leading producers Syria and Turkey this season and sluggish domestic demand. The export of Jeera during April-May 2009 dropped to 9,750 tonnes from 11,185 tonnes during the last year, recording a fall of 13 percent over the last year.
