Jeera prices fell by Rs 355 or 1.98 per cent to Rs 17,545 per quintal in futures trade today as speculators booked profits at prevailing levels amid lower domestic and exports demand at the spot market.
Further, anticipations of arrival of new season crops in the market from the producing belts too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in March fell by Rs 355, or 1.98 per cent, at Rs 17,545 per quintal, with an open interest of 5,073 lots.
Similarly, the spice for delivery in April moved down by Rs 340, or 1.93 per cent, at Rs 17,285 per quintal in 2,295 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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