Jeera futures prices traded 0.71% lower at Rs 15,715 per quintal today, with speculators reducing their positions, triggered by hopes of higher output following increased sowing in the current rabi season.
At the National Commodity and Derivatives Exchange, jeera for delivery in February drifted by Rs 113, or 0.71%, to Rs 15,715 per quintal, with an open interest of 13,986 lots.
The March contract lost Rs 110, or 0.68%, to Rs 16,041 per quintal, with an open interest of 10,797 lots.
Analysts said trimming of positions by speculators, following higher output hopes on the back of increased sowing in the current season, mainly led to the fall in jeera prices at futures market.