Jeera prices fell by Rs 195 to Rs 13,470 per quintal in the futures trade today due to the sluggish domestic demand against increased supplies from the producing regions.
Mounting supplies of the new crop and estimates of higher output this season mainly kept pressure on the jeera prices at the futures trade.
At the National Commodity and Derivatives Exchange, jeera for delivery in March fell by Rs 195, or 1.43%, to Rs 13,470 per quintal with an open interest of 9,495 lots.
The April contract lost Rs 187.50, or 1.35%, to Rs 13,717.50 per quintal in 13,137 lots.
Analysts attributed to fall in jeera futures to increased arrivals of new season crop in the physical market against the sluggish demand.
