India jeera futures end up on strong export demand
MUMBAI, Sept 29 (Reuters) - Indian jeera futures ended up on rising domestic and export demand, but higher arrivals capped some of the gains, analysts said.
"Export demand is quite good and it is likely to remain strong due to lower production in other major producing countries," said an analyst with Motilal Oswal Commodities Broker Pvt Ltd.
Jeera exports more than doubled in April-Aug on strong export demand due to lower output in major producers like Syria and Turkey.
India exported about 21,250 tonnes, against 8,260 tonnes a year ago. India is the world's largest jeera producer and exporter.
However, higher arrivals restricted some of the gains, said an analyst with Angel Commodities Broking Pvt Ltd.
Spot jeera rose 0.4 percent to 11,580 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 Closing price Change in %
=========================================================== Continued...
One Year Later
A year after militants laid siege to Mumbai, the country still remains very vulnerable. Full Article | Full Coverage
Liberhan Commission Report
The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya. Full Article
