 "Jeera down 1.8% on tepid spot demand, adequate supply")
Jeera prices dropped by 1.78% to Rs 15,445 per quintal in futures trading today as speculators cut down on their bets amid slackened demand in the spot market against ample stocks.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month January 2016 fell by Rs 280, or 1.78% to Rs 15,445 per quintal with an open interest of 7,332 lots.
Likewise, the spice for delivery in December contracts traded lower by Rs 270 or 1.74% to Rs 15,275 per quintal in 5,934 lots.
Analysts said offloading of positions by traders, driven by muted domestic as well as exports demand in the spot market, mainly pulled down jeera prices at futures trade.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month January 2016 fell by Rs 280, or 1.78% to Rs 15,445 per quintal with an open interest of 7,332 lots.
Likewise, the spice for delivery in December contracts traded lower by Rs 270 or 1.74% to Rs 15,275 per quintal in 5,934 lots.
Analysts said offloading of positions by traders, driven by muted domestic as well as exports demand in the spot market, mainly pulled down jeera prices at futures trade.