Jeera futures down 0.52% on rising supplies

Jeera futures prices fell by 0.52 per cent to Rs 16,297 per quintal today on adequate stocks following rising supplies.

Besides, weak export demand also kept pressure on the jeera prices at futures trade here. 

At the National Commodity and Derivatives Exchange, jeera for delivery in June fell by Rs 85, or 0.52 per cent, to Rs 16,297 per quintal, with an open interest for 1,362 lots.

Similarly, the spice for delivery in April fell by Rs 54, or 0.35 per cent, to Rs 15,569 per quintal, with a business turnover of 16,401 lots.

Analysts said fall in jeera futures was mainly due to increasing supplies of the new crop and sluggish export demand.