 "Jeera down 0.5% on sluggish demand, adequate stocks")
Jeera remained weak for the second straight day with prices falling Rs 70 to Rs 12,297.50 per quintal in futures trade today as speculators reduced positions on sluggish demand in the spot market.
Expectations of a better crop due to favourable weather also influenced jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in December lost Rs 70, or 0.57% to Rs 12,297.50 per quintal with an open interest of 7020 lots.
Analysts said offloading of positions by speculators due to sluggish demand in the spot market against adequate stocks position mainly kept pressure on jeera prices at futures trade.
Expectations of a better crop due to favourable weather also influenced jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in December lost Rs 70, or 0.57% to Rs 12,297.50 per quintal with an open interest of 7020 lots.
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Similarly, the spice for delivery in March shed Rs 17.50, or 0.14% to Rs 12,752.50 per quintal in 3489 lots.
Analysts said offloading of positions by speculators due to sluggish demand in the spot market against adequate stocks position mainly kept pressure on jeera prices at futures trade.