Jeera futures rose over 1% on the NCDEX today because of an increase in demand from overseas buyers. Prices also gained as the exchange halved the additional margin on both buy and sell positions on all running and yet-to-be-launched contracts of jeera to 5% from today. Today, arrivals were at 700-800 bags (1 bag = 55 kg), as against 4,000-5,000 bags normally, as most traders have kept away from the market following the implementation of goods and services tax on Jul 1.
Source: Newswire
More will update soon!!
