NCDEX Jeera

From MarketsWiki

This page needs a sponsor.

Put your logo here!

Email us for information
on how to support MarketsWiki.

Jeera futures
Exchange	National Commodity & Derivatives Exchange
Settlement	Physically delivered
Trade Unit	3 metric tons
Point Value	Need point value!
Tick Value	1 Rupee
Contract Months	All months
Last Trading Day	20th day of the delivery month. If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange.
Note: This contract is electronic ONLY -- no open outcry
	No Open Outcry	Electronic
Trading Hours	N/A	Mondays through Fridays :10:00 AM to 5:00 PM Saturdays : 10.00 AM to 2.00 PM
Ticker Symbol	N/A	JEERAUNJHA
Price Limits	N/A	Daily price fluctuation limit is (+/-) 2%. If the trade hits the prescribed daily price limit there will be a cooling off period for 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter the price band would be raised by another (+/-) 2% and trade will be resumed. If the price hits the revised price band (4%) again during the day, trade will only be allowed within the revised price band. No trade / order shall be permitted during the day beyond the revised limit of (+/-) 4%.

Notes

Jeera (also known as jira or zira) is the name for cumin commonly used in India. The plants are mainly sown between late October to early November, and requires 3 to 4 months before the plants are ready to be harvested. It requires a drier climate to grow properly, with India, Sri Lanka, Syria, Pakistan, and Turkey being the major producers of the spice in the world today.^[1]