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Jeera prices fell by 0.36 per cent to Rs 11,165 per quintal in futures trade today as speculators reduced holdings, triggered by subdued demand in the spot market against adequate supplies from producing regions.
At the National Commodity and Derivatives Exchange, jeera for delivery in June declined by Rs 40, or 0.36 per cent, to Rs 11,165 per quintal with an open interest of 9,411 lots.
The May contract lost Rs 35, or 0.32 per cent, to Rs 11,060 per quintal in 2,601 lots.
Analysts said speculators reduced their holdings due to subdued demand in the spot market against sufficient stocks, following higher supplies from producing centres which mainly kept pressure on jeera prices at futures trade.
