Jeera prices fell 2.51 per cent to close at Rs 19,600 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and exports demand at the spot market.
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 Rs 505, or 2.51 per cent, to close at Rs 19,600 per quintal, with an open interest of 15,975 lots.
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Similarly, the contract for October was trading at Rs 19,775, down 2.47 per cent, or Rs 500 with an open interest of of 4,986 lots.
Analysts said, profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position, kept pressure on jeera prices at the futures trade.
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