Jeera prices fell 0.56 per cent to Rs 15,965 per quintal in futures trade today as speculators trimmed positions to book profits at prevailing levels amid subdued domestic and export demand at the spot market.
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 June contract fell Rs 90, or 0.56 per cent, to trade at Rs 15,965 per quintal, with an open interest of 5,502 lots.
Similarly, the spice for delivery this month moved down by Rs 20, or 0.12 per cent, at Rs 16,280 per quintal in 2,277 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 futures.
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