Jeera prices fell 1.36 per cent to Rs 19,920 per quintal in futures trade today as speculators trimmed 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, fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery this month fell Rs 275, or 1.36 per cent, to Rs 19,920 per quintal, with an open interest of 5,955 lots.
Similarly, the spice for delivery in September moved down by Rs 180, or 0.88 per cent, at Rs 20,210 per quintal in 3,588 lots.
Analysts said besides profit-booking by speculators at existing levels, a fall in demand at the spot market against adequate stocks position, kept pressure on jeera futures.
Disclaimer: No Business Standard Journalist was involved in creation of this content
