Jeera futures traded down on NCDEX as speculators offloaded positions at existing higher levels amid lower demand in spot market. Besides, adequate stocks position in the physical market on higher supplies from producing belts also put pressure on jeera prices.
The contract for January delivery was trading at Rs 15240.00, down by 2.03% or Rs 315.00 from its previous closing of Rs 15555.00. The open interest of the contract stood at 4545.00 lots.
The contract for February delivery was trading at Rs 15580.00, down by 1.95% or Rs 310.00 from its previous closing of Rs 15890.00. The open interest of the contract stood at 10536.00 lots on NCDEX.