Jeera price comes down by 0.74 pct to Rs 19,425 per quintal

Jeera prices declined by 0.74 per cent to Rs 19,425 per quintal in futures trade Tuesday as traders cut down positions amid easing demand at the spot markets. Improved arrivals from major producing belts also fuelled the downtrend. In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in October fell by Rs 145, or 0.74 per cent, to Rs 19,425 per quintal with an open interest of 3,837 lots.

Jeera to be delivered in November month also fell by a similar margin to trade at Rs 19,480 per quintal in 5,610 lots. Analysts said trimming of positions by participants amid subdued demand at the spot market mainly led to the fall in jeera prices in futures trade.

(With inputs from agencies.)