Jeera futures down 0.78% on increased supply, higher output

NEW DELHI: Jeera prices fell by 0.78 per cent to Rs 13050 per quintal in futures market on Friday on reduced offtake by speculators driven by weak spot market trend.


At the National Commodity and Derivatives Exchange, jeera for delivery in June fell Rs 102.50, or 0.78 per cent to Rs 13050 per quintal with an open interest of 8499 lots.

In a similar fashion, the spice for delivery in May lost Rs 95, or 0.73 per cent to Rs 12,870 per quintal in 10781 lots.

Market analysts attributed the fall in jeera futures to increased supplies from the new season crop into the spot markets amid expectations of higher output.