Jeera prices fell by 1.43 per cent to Rs 20,330 per quintal in futures trade today as speculators trimmed their positions to book profits amid lower domestic and export demand at the spot market.
Ample stocks position following higher supplies from the producing belts, too, fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in September fell by Rs 295, or 1.43 per cent, to Rs 20,330 per quintal, with an open interest of 5,760 lots.
Similarly, the spice for delivery in this month's contract moved down by Rs 285, or 1.40 per cent, to Rs 20,070 per quintal in 4,152 lots.
Analysts said, besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position weighed on jeera futures.
Disclaimer: No Business Standard Journalist was involved in creation of this content