Jeera prices drifted 1.20 per cent to Rs 14,450 per quintal in futures trading today as participants lightened their positions, tracking a weak trend at the spot market on muted demand.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month May was trading lower by Rs 175, or 1.20 per cent to Rs 14,450 per quintal with an open interest of 5,760 lots.
On similar lines, the spice for delivery in March contracts moved down by Rs 160, or 1.09 per cent to Rs 14,460 per quintal in 6,543 lots.
Marketmen said trimming of positions by traders, driven by easing demand in the spot market against adequate stocks kept pressure on jeera prices at the futures trade.
