Jeera futures extend losses, down 3.36 pc on low demand

Jeera prices fell further by 3.36 per cent to close at Rs 18,240 per quintal in futures trade today as speculators engaged in reducing positions amid lower domestic and exports demand at the spot market.
Besides, sufficient stocks position on increased supplies from the major growing regions too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in August was trading lower by Rs 635, or 3.36 per cent, to close at Rs 18,240 per quintal with an open interest of 9,687 lots.
Similarly, the spice for delivery in current month quoted lower by Rs 515, or 2.74 per cent, to end at Rs 18,270 per quintal in 5,187 lots.

Analysts said, trimming of positions by participants on the back of easing domestic as well as exports demand at spot market against adequate stocks position, mainly kept jeera prices down at futures trade.