Jeera futures decline on ample supply

Jeera futures traded down on NCDEX on account of subdued export demand amid sufficient supplies in the local market. Moreover, offloading of positions by speculators on the back of sluggish demand in the spot market against adequate stocks position also kept Jeera prices lower at futures trade. The contract for June delivery was trading at Rs 11200.00, down by 0.44% or Rs 50.00 from its previous closing of Rs 11250.00. The open interest of the contract stood at 9102.00 lots. The contract for July delivery was trading at Rs 11365.00, down by 0.35% or Rs 40.00 from its previous closing of Rs 11405.00. The open interest of the contract stood at 3363.00 lots on NCDEX.