Jeera futures fall 0.84% on low demand

Jeera prices fell by 0.84 per cent to Rs 18,395 per quintal in futures trade today as speculators engaged in trimming positions amid lower domestic and exports demand at the spot market.
Furthermore, huge stocks at the spot markets following higher supplies from the major growing regions in Gujarat and Rajasthan too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in June was trading lower by Rs 155, or 0.84 per cent, to Rs 18,395 per quintal, with an open interest of 16,539 lots.
Similarly, the spice for delivery this month quoted lower by Rs 135, or 0.74 per cent, to Rs 18,220 per quintal in 2,217 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.