Jeera prices fell 1.71 per cent to Rs 16,055 per quintal in futures trade today as speculators trimmed their positions to book profits amid lower domestic and export 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 June contract fell Rs 280, or 1.71 per cent, to Rs 16,055 per quintal, with an open interest of 4,470 lots.
Similarly, the spice for delivery in far-month July contract moved down by Rs 265, or 1.62 per cent, to Rs 16,025 per quintal in 2,505 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position weighed on jeera futures.
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