Jeera futures fall 0.49% on supply pressures

NEW DELHI: Jeera prices fell 0.49 per cent to Rs 11,185 per quintal in futures trade today as speculators offloaded positions amidst adequate supplies from producing regions.

At the National Commodity and Derivatives Exchange, jeera for delivery in August fell by Rs 55, or 0.49 per cent, to Rs 11,185 per quintal with an open interest of 4,824 lots.

Similarly, the spice for delivery in September shed Rs 55, or 0.48 per cent, to Rs 11,380 per quintal in 4,809 lots.

Analysts attributed the fall in jeera futures to offloading of positions by speculators on the back of adequate stocks position.