Jeera futures fall on subdued demand

Jeera futures prices fell by Rs 60 to Rs 14,855 per quintal today, as speculators reduced their positions, following a drop in domestic and export demand.

At the National Commodity and Derivatives Exchange counter, jeera for delivery far-month February fell by Rs 60, or 0.40 per cent to Rs 14,855 per quintal.

Similarly, the spice for delivery in January declined by Rs 51, or 0.35 per cent to Rs 14,585 per quintal, while delivery for December contract fell by Rs 21 or 0.15 per cent to Rs 14,299 per quintal.

Analysts said fresh offloading by speculators on fall in domestic and exports demand pulled down jeera futures prices.