 "Jeera remains weak on increased supply, low demand")
Jeera remained weak for the second day and prices fell further by 0.74 per cent to Rs 10,695 per quintal in futures trade today as speculators trimmed positions on lower demand in the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in June shed Rs 80, or 0.74 per cent, to Rs 10,695 per quintal with an open interest of 4,416 lots.
The May contract lost Rs 75, or 0.70 per cent, to Rs 10,570 per quintal in 7,899 lots.
Analysts said offloading of positions by speculators on lower demand in the spot market against increased supply from producing region mainly kept pressure on jeera prices at futures trade.
At the National Commodity and Derivatives Exchange, jeera for delivery in June shed Rs 80, or 0.74 per cent, to Rs 10,695 per quintal with an open interest of 4,416 lots.
The May contract lost Rs 75, or 0.70 per cent, to Rs 10,570 per quintal in 7,899 lots.
Analysts said offloading of positions by speculators on lower demand in the spot market against increased supply from producing region mainly kept pressure on jeera prices at futures trade.