Jeera futures extend loses, down 0.57 pc on low demand

Jeera prices fell further by 0.57 per cent to close at Rs 18,355 per quintal in futures trade today as speculators engaged in reducing their positions amid tepid demand in the spot market.
Besides, sufficient stocks position on increased supplies from the major growing regions in Gujarat and Rajasthan fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in July month was trading lower by Rs 105, or 0.57 per cent, to close at Rs 18,355 per quintal with an open interest of 11,805 lots.
Similarly, the spice for delivery in August quoting lower by Rs 85, or 0.46 per cent to end at Rs 18,415 per quintal in 2,658 lots.

Analysts said, trimming of positions by participants on the back of easing domestic well as exports demand at spot market against adequate stocks position, mainly kept jeera prices down at futures trade.