Barley , Jeera closed low today 8 Dec, 2015

Prices of Barley closed low by 1.08 per-cent yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fell down in the requirement from beer and cattle-feed makers. At the NCDEX, barley futures for December 2015 contract closed at Rs. 1,460 per quintal, down by 1.08 per cent, after opening at Rs. 1,480 against the previous closing price of Rs. 1,476. It attained the intra-day low of Rs. 1,452.5.

Sentiment weakened further on account of a surge in the arrivals of the commodity along with the inactive requirement on higher levels. 

At MCX, Jeera prices ended lower by 1.65 per-cent on yesterday on account of a surge in the supply from the producing regions in the midst of a decline in the export requirement. 

At the NCDEX, jeera futures for December 2015 contract closed at Rs. 15,530 per quintal, down by 1.65 per cent, after opening at Rs. 15,740 against the previous closing price of Rs. 15,790. It attained the intra-day low of Rs. 15,460.

Global outcome of Jeera is nearly 2.2 lakh MT yearly, of which India produces around 1.5 lakh MT per year.