Jeera futures pare losses as export demand picks up
Jeera futures, down in early trade on Wednesday on a weak spot market, pared some of their losses on higher demand from exporters, analysts said.
By Agencies |
MUMBAI: Jeera futures, down in early trade on Wednesday on a weak spot market, pared some of their losses on higher demand from exporters, analysts said.
���There was some fresh demand from exporters as the crop is not sufficiently available in other major producing countries,��� said an analyst with Angel Commodities Broking.
Arrivals from Syria and Turkey, two of the world���s largest producers, are expected only during May-June.
Arrivals in the physical market were about 11,000 tonnes, while demand was about 13,000 tonnes, said Praveen Patel, a Unjha-based trader. Spot jeera fell 0.6% to Rs 9,850 per 100 kg in Unjha.
���There was some fresh demand from exporters as the crop is not sufficiently available in other major producing countries,��� said an analyst with Angel Commodities Broking.
Arrivals from Syria and Turkey, two of the world���s largest producers, are expected only during May-June.
Arrivals in the physical market were about 11,000 tonnes, while demand was about 13,000 tonnes, said Praveen Patel, a Unjha-based trader. Spot jeera fell 0.6% to Rs 9,850 per 100 kg in Unjha.
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