Jeera prices fell by Rs 51 or 0.44 per cent to Rs 11,601 per quintal in futures trade today after speculators booked profits amid higher output estimates.
However, better demand in spot markets restricted losses.
On the National Commodity and Derivatives Exchange counter, jeera for delivery in July declined Rs 51, or 0.44 per cent to Rs 11,601 per quintal, with an open interest of 12,768 lots.
The spice for delivery in June contract also shed Rs 44, or 0.38 per cent to Rs 11,405 per quintal, with a business volume of 8,136 lots.
Meanwhile, at Unjha, the spot market in Gujarat, jeera traded Rs 31 higher at Rs 12,341 per quintal in the previous session.
Market analysts said besides profit taking by traders, estimates of higher output and better crop prospects in Syria and Turkey, also put some pressure on the jeera futures prices here.
