Jeera futures declined on NCDEX, as market players liquidated their holdings on anticipation of higher production and start of new season arrivals amid reports of higher acreage of cumin.
The contract for March delivery was trading at Rs 15965.00, lower by 0.81% or Rs 130.00 from its previous closing of Rs 16095.00. The open interest of the contract stood at 10560 lots.
The contract for April delivery was trading at Rs 16240.00, down 0.95% or Rs 155.00 from its previous closing of Rs 16395.00. The open interest of the contract stood at 1968 lots on NCDEX.