Jeera prices fell 0.77 per cent to Rs 11,645 per quintal in futures trade today as speculators indulged in offloading positions amidst subdued demand in spot market.
Adequate stocks position in the physical market also put pressure on jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in September declined by Rs 90, or 0.77 per cent, to Rs 11,645 per quintal with an open interest of 3,819 lots.
In a similar fashion, the spice for delivery in August traded lower by Rs 85, or 0.74 per cent, to Rs 11,420 per quintal in 5,502 lots.
Analysts attributed the fall in jeera futures to offloading of positions by speculators due to sluggish demand in the spot market against adequate stocks position that kept pressure on jeera prices in futures trade.
