Jeera futures decline on subdued demand

Jeera futures traded down on NCDEX as speculators offloaded positions, triggered by subdued exports demand. Besides, adequate stocks in the physical markets on account of increased supplies from producing regions further fueled the downtrend. The contract for June delivery was trading at Rs 11020.00, down by 1.03% or Rs 115.00 from its previous closing of Rs 11135.00. The open interest of the contract stood at 6099.00 lots. The contract for July delivery was trading at Rs 11150.00, down by 0.98% or Rs 110.00 from its previous closing of Rs 11260.00. The open interest of the contract stood at 4530.00 lots on NCDEX.