Jeera futures traded moderately lower on NCDEX, as market players indulged in offloading positions triggered by adequate stocks position on increased arrivals from producing regions in the physical market. Further, sluggish demand in physical market also weighed on the cumin price in future trade.
The contract for May delivery was trading at Rs 15815.00, down by 0.78 % or Rs 125.00 from its previous closing of Rs 15940.00. The open interest of the contract stood at 5514 lots.
The contract for June delivery was trading at Rs 15850.00, down by 0.25 % or Rs 40.00 from its previous closing of Rs 15890.00. The open interest of the contract stood at 3564 lots on NCDEX.