Amid profit-booking by speculators at prevailing levels and easing demand at the domestic spot market, jeera prices drifted by 1.15 per cent to Rs 14,550 per quintal in futures trade today.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month April declined by Rs 170, or 1.15 per cent to Rs 14,550 per quintal with an open interest of 4,455 lots.
On similar lines, the spice for delivery in March contracts was trading lower by Rs 120, or 0.82 per cent, to Rs 14,570 per quintal in 6,951 lots.
Analysts said besides profit-booking by traders, fall in demand in the spot market at existing levels against adequate stocks position on arrival of new crop from the producing regions mainly influenced jeera prices at futures trade.
