Business Standard

Jeera down 1.1% on increased supply, weak demand

Spice for delivery in April traded lower by 1.07%

Press Trust of India New Delhi
Jeera prices fell 1.13% to Rs 11,855 per quintal in futures trading today as speculators trimmed positions amid weak domestic as well as export demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in March fell by Rs 135, or 1.13%, to Rs 11,855 per quintal with an open interest of 6,894 lots.

Likewise, the spice for delivery in April traded lower by Rs 127.50, or 1.07%, to Rs 11,770 per quintal in 4,503 lots.

Analysts attributed the fall in jeera futures to trimming of positions by speculators due to weak domestic and export demand.

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First Published: Feb 11 2014 | 2:40 PM IST

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