Jeera futures down over 1 pc on weak export demand

NEW DELHI: Jeera futures prices fell by 1.07 per cent to Rs 15,645 per quintal today after speculators reduced their positions, driven by weak export demand.

However, poor output estimates because of delayed sowing and unfavourable weather, limited the losses.

At the National Commodity and Derivatives Exchange, jeera for delivery in April fell by Rs 170, or 1.07 per cent, to Rs 15,645 per quintal, with an open interest for 14,454 lots.

Similarly, the spice for delivery in May fell by Rs 159, or 0.98 per cent, to Rs 16,031 per quintal, with a business turnover of 15,225 lots.

Analysts attributed the fall in jeera futures to weak export demand.

However, lower output estimates, restricted the losses, they added.