Jeera futures decline on weak demand

Jeera futures traded down on NCDEX due to higher domestic supplies, weak local demand amid rising hopes of better sowing in the main cultivating areas. However, expectations of higher exports in coming months capped the downtrend. The contract for April delivery was trading at Rs 9825.00, down by 0.61% or Rs 60.00 from its previous closing of Rs 9885.00. The open interest of the contract stood at 1431.00 lots. The contract for May delivery was trading at Rs 9950.00, down by 0.65% or Rs 65.00 from its previous closing of Rs 10015.00. The open interest of the contract stood at 9234.00 lots on NCDEX.