Jeera futures prices moved down by Rs 134 to Rs 13,832 per quintal today, after participants reduced their positions due to weak trend at spot markets on subdued demand.
Reports of increased sowing in Gujarat also kept pressure on jeera futures prices.
At the National Commodity and Derivative Exchange, jeera for delivery in January fell by Rs 134, or 0.96%, to Rs 13,832 per quintal, with an open interest of 17,196 lots.
In a similar fashion, the spice for delivery in December lost Rs 99, or 0.73%, to Rs 13,550 per quintal, with a trade volume of 7,953 lots.
Market analysts said the fall in jeera futures prices was mainly due to weak spot demand and reports of increased sowing in the major prouducing state -- Gujarat.
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