Jeera prices dropped by Rs 199, or 1.30 per cent, to Rs 15,145 per quintal in futures market today, as speculators booked profits at prevailing levels, influenced by weak domestic as well as export demand.
Weakening exports demand, as overseas buyers waited for further fall in the prices, which further influenced the market sentiment.
At the National Commodity and Derivatives Exchange counter, jeera for November dropped by Rs 199, or 1.30 per cent, to Rs 15,145 per quintal, with an open interest of 402 lots.
Similarly, the spice for delivery in August lost Rs 59, or 0.41 per cent, to Rs 14,176 per quintal, with a business volume of 2,106 lots.
Analysts said profit-taking by speculators at prevailing levels and weak domestic and export demand pulled down the jeera prices at futures trade.