Jeera prices drifted lower by 0.68 per cent to Rs 16,730 per quintal in futures trade today as participants trimmed their positions, triggered by easing domestic and exports demand in the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in October fell by Rs 115, or 0.68 per cent, to Rs 16,730 per quintal, with an open interest of 8,274 lots.
Similarly, the spice for delivery in November declined by Rs 95, or 0.56 per cent, to Rs 16,930 per quintal in 8,244 lots.
Analysts said trimming of positions by traders owing to fall in domestic as well exports demand in the spot market, mainly led to decline in jeera prices at futures trade.
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