 "Jeera down 0.9% on sluggish demand, adequate supply")
Jeera prices slid by 0.92% to Rs 12,865 per quintal in futures trade today as speculators reduced their positions, tracking weak spot market trend on sluggish demand against adequate supplies.
Expectations of a better crop due to favourable weather also influenced jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in March slid by Rs 120, or 0.92%, to Rs 12,865 per quintal with an open interest of 3,120 lots.
Analysts attributed the fall in jeera futures to speculators reducing their positions, tracking a weak trend at spot market on sluggish demand against adequate supplies.
Expectations of a better crop due to favourable weather also influenced jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in March slid by Rs 120, or 0.92%, to Rs 12,865 per quintal with an open interest of 3,120 lots.
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Similarly, the spice for delivery in December shed Rs 67.50, or 0.54%, to Rs 12,467.50 per quintal in 7,308 lots.
Analysts attributed the fall in jeera futures to speculators reducing their positions, tracking a weak trend at spot market on sluggish demand against adequate supplies.