 "Jeera down 0.7% on higher supply")
Jeera prices fell 0.77 per cent to Rs 16,065 per quintal in futures trade today amid higher supplies from producing belts at the spot market.
At National Commodity and Derivatives Exchange, jeera for delivery in July contracts fell by Rs 125, or 0.77 per cent, to Rs 16,065 per quintal with an open interest of 14,136 lots.
Similarly, the spice for delivery in August traded lower by Rs 115, or 0.70 per cent, to Rs 16,215 per quintal in 15,612 lots.
Analysts said offloading of positions by speculators, triggered by higher supplies from producing belts in the physical market, kept pressure on jeera prices at futures trade.
At National Commodity and Derivatives Exchange, jeera for delivery in July contracts fell by Rs 125, or 0.77 per cent, to Rs 16,065 per quintal with an open interest of 14,136 lots.
Similarly, the spice for delivery in August traded lower by Rs 115, or 0.70 per cent, to Rs 16,215 per quintal in 15,612 lots.
Analysts said offloading of positions by speculators, triggered by higher supplies from producing belts in the physical market, kept pressure on jeera prices at futures trade.