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Muted demand drags down jeera futures by 0.74 pc

Press Trust of India  |  New Delhi 

Jeera prices declined by 0.74 per

cent to Rs 19,425 per quintal in futures trade Tuesday as traders cut down positions amid easing demand at the spot markets.

Improved arrivals from producing belts also fuelled the downtrend.

In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in October fell by Rs 145, or 0.74 per cent, to Rs 19,425 per quintal with an open interest of 3,837 lots.

Jeera to be delivered in November month also fell by a similar margin to trade at Rs 19,480 per quintal in 5,610 lots.

Analysts said trimming of positions by participants amid subdued demand at the spot market, mainly led to the fall in jeera prices in futures trade.

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

First Published: Tue, October 09 2018. 12:15 IST