Jeera sheds 0.68%

Favourable weather influenced the price

Jeera futures fell by 0.68% to Rs 14,680 per quintal today.

Sluggish demand in the spot market also put pressure on the spice prices at futures trade.

At the National Commodity and Derivatives Exchange, the March contract softened by Rs 100, or 0.68%, to Rs 14,680 per quintal in 14,616 lots.

Similarly, the October contract declined by Rs 75, or 0.51%, to Rs 14,745 per quintal in 3,387 lots.

Marketmen said, off-loading of positions by speculators due to favourable weather and a higher area under cultivation weighed on the jeera futures.