Jeera future decline on ample supply

Jeera futures traded down on NCDEX due to a surge in the supply from the producing regions in the midst of a decline in the export demand. Further, speculators reduced holdings, tracking a weak trend at spot market due to sluggish demand in spot market leading to decline in jeera prices at futures trade. The contract for May delivery was trading at Rs 11155.00, down by 0.31% or Rs 35.00 from its previous closing of Rs 11190.00. The open interest of the contract stood at 1275.00 lots. The contract for June delivery was trading at Rs 11285.00, down by 0.44% or Rs 50.00 from its previous closing of Rs 11335.00. The open interest of the contract stood at 9579.00 lots on NCDEX.