Jeera moves down on weak demand

Jeera prices moved down by 0.48% to Rs 12,500 per quintal in futures market today on weak demand in the spot market against adequate supplies.

At the National Commodity and Derivatives Exchange, November delivery declined by Rs 60, or 0.48%, to Rs 12,500 per quintal with an open interest of 7,506 lots.

The December delivery traded lower by Rs 32.50, or 0.25%, to Rs 12,735 per quintal in 4,551 lots.

Analysts attributed the weakness in jeera futures to weak demand in the spot market against adequate supplies from producing regions.