Jeera futures edge lower on ample supply

Jeera futures traded down on NCDEX on account of offloading of positions by speculators following sluggish demand in the spot market against adequate inventories. Further, increased supply from producing region mainly kept pressure on jeera prices at futures trade. The contract for June delivery was trading at Rs 11025.00, down by 0.14% or Rs 15.00 from its previous closing of Rs 11040.00. The open interest of the contract stood at 5307.00 lots. The contract for July delivery was trading at Rs 11150.00, down by 0.04% or Rs 5.00 from its previous closing of Rs 11155.00. The open interest of the contract stood at 4722.00 lots on NCDEX.