Jeera prices fell by Rs 85 to Rs 15,790 per quintal in futures market today, as speculators booked profits at existing higher levels, driven by subdued demand in the spot market.
Reports of higher sowing in Gujarat a major producing states also influenced jeera futures prices.
At the National Commodity and Derivative Exchange, the January jeera fell by Rs 85, or 0.54%, to Rs 15,790 per quintal, with an open interest of 10,572 lots.
The February contract lost Rs 80, or 0.49%, to Rs 16,140 per quintal, with a trade volume of 12,174 lots.
Market analysts said besides profit-booking by speculators at existing higher levels on the back of subdued demand in the spot market, reports of higher sowing in Gujarat— a major producing states— also weighed on jeera futures prices.