Jeera prices fell 2.13 per cent to close at Rs 19,340 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and exports demand.
Furthermore, ample stocks position following higher supplies from the producing belts too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in September fell by Rs 420, or 2.13 per cent, to close at Rs 19,340 per quintal with an open interest of 3,867 lots.
Similarly, the spice for delivery in August moved down by Rs 330, or 1.68 per cent, to end at Rs 19,260 per quintal in 12,813 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position kept pressure on jeera prices at futures trade.
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