MUMBAI, Aug 17 (Reuters) - India jeera futures ended down on Monday as thin overseas demand and rising warehouse stocks weighed on sentiment, analysts said.
Export demand continues to remain weak as leading global producers of the spice, Syria and Turkey, harvested a better-than-expected crop this season.
"There is no improvement in exports of the spice and although going forward we may see some support from internal demand, the medium-long term trend is bearish," said an analyst with a Delhi-based brokerage.
Domestic demand is firm ahead of the festive season, which pushes up consumption of the spice, in India.
The price trend, after sowing begins in October, will be determined by the monsoon, analysts said.
Spot jeera fell over 65 rupees and ended at 11,761.1 rupees per 100 kg in Unjha, a major trading hub in Gujarat.
Following are the closing prices of jeera futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd.
Source : REUTERS