Jeera futures fall 0.49 % on increased supplies

Written by Agencies | New Delhi | Updated: Feb 29 2012, 20:46pm hrs
Jeera prices fell by Rs 70 to Rs 14,120 per quintal in futures trading today as speculators offloaded their positions, triggered by rising arrivals of new season crop in the physical market.

Expectations of higher output also put pressure on the jeera prices.

At the National Commodity and Derivatives Exchange,jeera for delivery in March month fell by Rs 70, or 0.49 per cent, to Rs 14,120 per quintal with an open interest of 10,107 lots.

Similarly, the spice for delivery in April contract lost Rs 62.50, or 0.43 per cent, to Rs 14,380 per quintal in 11,775 lots.

Analysts attributed fall in jeera futures to speculators offloading their positions,triggered by rising arrivals of new season crop in the physical market.

Some local and export demand restricted the losses, they said.