Jeera prices fell by 2.55 per cent to Rs 18,915 per quintal in futures trade Monday 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 mainly fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for October fell by Rs 495, or 2.55 per cent, to Rs 18,915 per quintal with an open interest of 7,344 lots.
Similarly, the spice for delivery in November moved down by Rs 490, or 2.49 per cent, to Rs 19,130 per quintal in 1,557 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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