Jeera Futures Recovered On Thursday

Jeera futures recovered on Thursday due to technical trading but the spot prices were down on lower physical demand. Market participants book profits at higher levels in previous two sessions. NCDEX Nov’16 Jeera closed 0.65% higher to close at Rs 16,970 per quintal. Earlier, pickup in physical demand and expecting dwindling supplies in the physical market pushed the prices close to higher levels in one month.

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