Jeera futures decline on sluggish export demand
Jeera prices shed Rs 63 to Rs 16,207 per quintal in futures trade today on reduced offtake by speculators due to sluggish export and domestic demand.
At the National Commodity and Derivatives Exchange, jeera for delivery in October declined by Rs 63, or 0.39, to Rs 16,207 per quintal, with an open interest for 16,788 lots.
Similarly, the spice for delivery in September shed Rs 61, or 0.39, to Rs 15,774 per quintal, with a trading volume of 17,859 lots.
Analysts said sluggish export demand mainly led to the decline in jeera futures prices.