Jeera futures traded lower on NCDEX due to subdued demand at the spot market. Though, expectation of fall in jeera output this year, compared to last year due to hot weather and lower acreage in the producing belts of Rajasthan, capped some losses.
The contract for September delivery was trading at Rs 17715.00, down by 0.62% or Rs 110.00 from its previous closing of Rs 17825.00.The open interest of the contract stood at 13857 lots.
The contract for October delivery was trading at Rs 17870.00, down by 0.67% or Rs 120.00 from its previous closing of Rs 17990.00. The open interest of the contract stood at 8892 lots on NCDEX.