Jeera futures prices down 1% on ample supplies

Nov 30 2012, 17:29 IST
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SummaryJeera prices moved down by Rs 142.50 to Rs 14,170 per quintal in futures trade today on ample supplies in the spot market against sluggish demand.

Jeera prices moved down by Rs 142.50 to Rs 14,170 per quintal in futures trade today on ample supplies in the spot market against sluggish demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in December moved down by Rs 142.50, or 1.00 per cent, to Rs 14,170 per quintal with an open interest of 12,621 lots.

Similarly, the spice for delivery in the March contract traded lower by Rs 65, or 0.42 per cent, to Rs 15,265 per quintal in 9,018 lots.

Analysts said speculators trimmed their positions on the back of sluggish demand against increased supplies from producing belts mainly pulled down jeera prices at futures trade.

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