Jeera prices drifted lower by 0.72 per cent to Rs 20,050 per quintal in futures trade Friday as speculators trimmed positions to book profits at prevailing levels amid lower spot demand.
Moreover, ample stocks following increased supplies from growing belts too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in December contract fell by Rs 145, or 0.72 per cent, to Rs 20,050 per quintal with an open interest of 2,193 lots.
Similarly, the spice for delivery in November down by Rs 85, or 0.43 per cent, to Rs 19,730 a quintal in 6,255 lots.
Analysts said besides profit-booking by speculators, subdued demand at the spot markets against adequate stocks position, weighed on jeera futures.
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