Jeera futures remain weak, down 1.82 pc on low demand

Jeera prices fell further by 1.82 per cent to Rs 18,560 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels 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 this month was trading lower by Rs 345, or 1.82 per cent, to Rs 18,560 per quintal with an open interest of 8,547 lots.
Similarly, the spice for delivery in June quoting lower by Rs 335, or 1.75 per cent to Rs 18,765 per quintal in 11,793 lots.

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