India jeera futures end up on firm overseas demand
MUMBAI, Nov 11 (Reuters) - India jeera futures ended firm on Wednesday as strong export demand supported sentiment, analysts said.
Jeera exports in September nearly tripled to 6,000 tonnes from the same period a year ago.
"Syria and Turkey continue to quote at a premium to Indian prices so that is supporting sentiment," said an analyst with a Delhi-based brokerage.
However, profit-taking triggered by reports of favourable weather in growing areas in the coming days may hurt prices, analysts said.
Spot jeera rose by over 66 rupees to end at 13,069.15 rupees per 100 kg in Unjha, a major trading hub in Gujarat.
Following are the closing prices of jeera futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd. <0#NJE:>
Contract Reuters code Price Change in %
======================================================
Nov NJEX9 13,562 1.53
Dec NJEZ9 13,963 1.59 (Reporting by Nandita Bose editing by Harish Nambiar)
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