Jeera futures tumble 2.11% on muted demand

Jeera prices plunged 2.11 per cent to Rs 14,350 per quintal in futures trade today as speculators reduced their bets, tracking a weak trend at spot market on low demand.
Furthermore, adequate stocks in the physical market on higher supplies from producing regions weighed on jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in January dropped by Rs 310, or 2.11 per cent to Rs 14,350 per quintal with an open interest of 9,525 lots.
On similar lines, the commodity for delivery in far-month March tumbled by Rs 225, or 1.53 per cent to Rs 14,455 per quintal in 2,841 lots.

Analysts said offloading of positions by participants, triggered by sluggish domestic as well as exports demand in the spot market, led to fall in jeera prices at futures trade.