Muted demand drags down jeera futures 0.30 pc

Jeera prices declined by 0.30 per cent to Rs 19,635 per quintal in futures trading today as traders cut down positions amid easing demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, jeera for delivery in October fell by Rs 60, or 0.30 per cent, to Rs 19,635 per quintal with an open interest of 12,477 lots.
Similarly, the spice for delivery in September was trading lower by Rs 50, or 0.25 per cent, to Rs 19,625 per quintal in 2,415 lots.
Analysts said trimming of positions by participants amid fall in demand in the physical market against ample stocks position, mainly weighed on jeera prices at futures trade.