Jeera prices fell further by Rs 29 to Rs 15,793 per quintal in futures trade today on adequate stocks position against subdued demand in the spot market.
Adequate stocks position following increased arrivals in the physical market from producing region also put pressure on the jeera prices.
At the National Commodity and Derivatives Exchange, jeera for August delivery declined by Rs 29, or 0.18%, to Rs 15,793 per quintal, with an open interest of 15,423 lots.
Similarly, the spice for September delivery lost Rs 15, or 0.09%, to Rs 16,240 per quintal, with an open interest of 17,844 lots.
Market analysts said increased arrivals in the physical market against subdued demand mainly led to the fall in jeera prices at futures trade.