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Jeera remains weak, down 0.82 pc on low demand

Press Trust of India  |  New Delhi 

Jeera prices fell further by 0.82

per cent to Rs 19,275 per quintal in futures trade Wednesday as speculators engaged in trimming positions to booked profits at prevailing levels amid lower domestic and exports demand at the spot markets.

In futures trading, at the National Commodity and Derivatives Exchange, jeera for delivery in November was trading lower by Rs 160, or 0.82 per cent, to Rs 19,275 per quintal with an open interest of 6,144 lots.

Similarly, the spice for delivery in December was quoting lower by Rs 150, or 0.77 per cent to Rs 19,315 per quintal in 3,570 lots.

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 11:20 IST
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