Jeera futures fall 1.4 pc as exports decline

NEW DELHI: Amid fall in exports, jeera futures today fell by 1.4 per cent on the National Commodity and Derivatives Exchange. Fall in spot prices following Higher arrivals in the physical markets also put pressure on the futures prices here.

Jeera, for the most-active January contract, fell by Rs 140, or 1.4 per cent at Rs 9,951 per quintal at the NCDEX counter, while November contract shed Rs 28, or 0.25 per cent at Rs 10,676 per quintal. At the Unjha spot market in Gujarat, jeera traded lower at Rs 10,880 per quintal.

Market experts said reports of fall in export and reduced demand in the spot markets after diwali, and increased arrivals, mainly led to a fall in the futures prices.

Meanwhile, India's jeera exports, which had been rising till August, declined by about 40 per cent to 2,250 tonnes in September.