Jeera futures remain weak, down 0.87 pc on low demand

Jeera prices fell further by 0.87 per cent to Rs 21,600 per quintal in futures trade today as speculators engaged in trimming positions to booked profits at prevailing levels amid lower domestic and exports demand at the spot markets.
Furthermore, huge stocks at the spot markets following higher supplies from the major growing regions in Gujarat and Rajasthan too fuelled the downtrend.
In futures trading, at the National Commodity and Derivatives Exchange, jeera for delivery in December was trading lower by Rs 190, or 0.87 per cent, to Rs 21,600 per quintal with an open interest of 13,824 lots.
Similarly, the spice for delivery in January quoting lower by Rs 85, or 0.39 per cent to Rs 21,190 per quintal in 2,553 lots.

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