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Muted demand drags down jeera futures by 1.03 pc

Press Trust of India  |  New Delhi 

Jeera prices declined by 1.03 per cent to close at Rs 18,330 per quintal in futures trade today as traders cut down their positions amid easing demand at the spot market.

Improved arrivals from major producing belts also fuelled the downtrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in current month fell by Rs 190, or 1.03 per cent, to close at Rs 18,330 per quintal with an open interest of 1,368 lots.

On similar lines, the spice for delivery in December contract traded lower by Rs 20, or 0.11 per cent, to Rs 18,860 per quintal in 12,282 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: Fri, November 10 2017. 18:28 IST