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Jeera prices slipped by 0.53 per cent to Rs 12,680 per quintal in futures market today as speculators trimmed positions on sluggish demand in the spot market against adequate supplies.
At the National Commodity and Derivatives Exchange, jeera for delivery in March slipped by Rs 67.50, or 0.53 per cent, to Rs 12,680 per quintal with an open interest of 7,284 lots.
The April contract traded lower by Rs 62.50, or 0.49 per cent, to Rs 12,757.50 per quintal in 2,301 lots.
Analysts said offloading of positions by speculators on the back of weak demand in the spot market against adequate stocks position mainly led to decline in jeera prices at futures trade.
