Jeera prices traded lower by Rs 45 to Rs 15,630 per quintal in futures trade today as speculators reduced their positions due to the new crop arrival pressure.
Also, weak export demand influenced the jeera futures prices.
At the National Commodity and Derivatives Exchange, jeera for delivery July traded lower by Rs 45, or 0.29% to Rs 15,630 per quintal, with an open interest of 15,630 lots.
Similarly, the spice for delivery in June lost Rs 28, or 0.19% to Rs 15,082 per quintal in 20,409 lots.
Analysts said off-loading of positions by speculators triggered by increased arrivals of new crop and weak export demand led to the fall in jeera futures prices.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app