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Jeera futures decline on subdued demand

02 Jan 2015 Evaluate

Jeera futures traded down on NCDEX as speculators trimmed positions amidst subdued demand in the spot markets. Further, sufficient stocks, following higher supplies from producing centers which mainly kept pressure on jeera prices at futures trade.

The contract for January delivery was trading at Rs 15500.00, down by 0.35% or Rs 55.00 from its previous closing of Rs 15555.00. The open interest of the contract stood at 5382.00 lots.

The contract for February delivery was trading at Rs 15850.00, down by 0.25% or Rs 40.00 from its previous closing of Rs 15890.00. The open interest of the contract stood at 10692.00 lots on NCDEX.

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