Jeera futures extend losses, down 0.98 pc on low demand

Jeera prices fell further by 0.98 per cent to close at Rs 19,120 per quintal in futures trade today as speculators engaged in reducing positions amid tepid domestic and exports demand at the spot market.

Besides, sufficient stocks position following higher supplies from the producing belts, fuelled the downtrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in current month was trading lower by Rs 190, or 0.98 per cent, to close at Rs 19,120 per quintal with an open interest of 15 lots.

Similarly, the spice for delivery in September quoted lower by Rs 140, or 0.70 per cent, to end at Rs 19,760 per quintal in 1,323 lots.

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

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)