| Date: |
30-07-2011 |
| Subject: |
Jeera Plummets Further On Weak Export Data |
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Indian Jeera futures plunged further on short selling lead by weak export demand. The NCDEX Jeera August contract ended the last session lower by 3.17% at Rs. 15785 per 100 kg.
In today's early trading session, Jeera August contract dipped by Rs. 228 or 1.44% to the session low of Rs. 15557 per 100 kg.
The contract is currently trading lower at Rs. 15661, down by Rs. 124 or 0.79% over the last close. The open interest added 1.20% to 16392 tonnes, indicating short selling.
The Jeera exports dipped by 46% to 5,750 tonnes while value dipped by 36% to Rs. 7,560 lakh during April to June 2011.
Forex revenue from exports of spices and spices products from India during April-June 2011 registered a rise of 21 % while the tonnage declined by 26 %.
Source : indiainfoline.com
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