Jeera futures trade lower on sluggish demand

Jeera futures traded lower on NCDEX due to higher production estimates in domestic market coupled with strong supplies in local mandies. Moreover, speculators reduced their holdings on the back of sluggish demand in the spot market mainly pulled down jeera prices at futures trade. The contract for May delivery was trading at Rs 10665.00, down by 0.42% or Rs 45.00 from its previous closing of Rs 10710.00. The open interest of the contract stood at 5679.00 lots. The contract for June delivery was trading at Rs 10790.00, down by 0.55% or Rs 60.00 from its previous closing of Rs 10850.00. The open interest of the contract stood at 5823.00 lots on NCDEX.