Jeera futures fall 0.66% on low spot demand

Jeera prices fell by 0.66 per cent to Rs 11,260 per quintal in futures trading today as speculators trimmed positions amidst subdued demand in the spot markets.

At the National Commodity and Derivatives Exchange, jeera for delivery in October drifted by Rs 75, or 0.66 per cent, to Rs 11,260 per quintal with an open interest of 2,859 lots.

Likewise, the spice for delivery in September was down by Rs 70, or 0.63 per cent, to Rs 11,130 per quintal in 7,629 lots.

Market analysts said the fall in jeera prices in futures trade was mostly due to subdued demand at spot market.