Jeera prices fell by Rs 85 or 0.69 per cent to Rs 12,200 per quintal in futures trade today after speculators booked profits amid higher output estimates.
However, good demand in spot markets restricted losses. On the National Commodity and Derivatives Exchange counter, jeera for delivery in August traded Rs 85, or 0.69 per cent lower at Rs 12,200 per quintal, with an open interest of 8,793 lots.
The spice for delivery in June contract also drifted by Rs 80, or 0.68 per cent to Rs 11,651 per quintal, with a business volume of 7,158 lots.
Meanwhile, at Unjha, the spot market in Gujarat, jeera ended Rs 78 higher at Rs 12,372 per quintal in the previous session.
Market analysts said, besides, profit taking by traders, estimates of higher output, also put some pressure on the jeera futures prices here.
