Jeera prices fell 1.43 per cent to Rs 17,565 per quintal in futures trade today as speculators engaged in trimming their positions to book profits at prevailing levels amid lower domestic and exports demand at the spot market.
Furthermore, ample stocks position following higher supplies from the producing belts and reports of good progress of jeera sowing in the producing belts of Gujarat too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in January fell by Rs 255, or 1.43 per cent, to Rs 17,565 per quintal, with an open interest of 3,873 lots.
Similarly, the spice for delivery this month moved down by Rs 235, or 1.28 per cent, to Rs 18,140 per quintal in 4,470 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position, kept pressure on jeera prices at futures trade.
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