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India jeera ends steady on bargain buying.


Date: 19-09-2009
Subject: India jeera ends steady on bargain buying
MUMBAI, Sept 18 (Reuters) - India jeera futures ended steady on Friday as bargain hunting on low levels kept the upside supported even as sluggish export demand weighed on investor sentiment, analysts said.

"There is buying on lower levels after prices fell sharply. There is some export demand from the Middle East because of the ongoing festive season, but that is negligible," said an analyst with a Delhi-based brokerage.

Bargain buying emerged after prices fell over 10 percent since August.

Fundamentals remain weak on subdued demand from exporters after global producers harvested a bumper crop.

Spot jeera rose by over 54 rupees and ended at 11,437 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

Source : REUTERS

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