Jeera prices dipped by 1.41 per cent to Rs 16,125 per quintal in futures trade today, amid subdued domestic demand and adequate supplies in the physical markets from producing belts.
Also, weak export enquiries further fuelled the downtrend.
At National Commodity and Derivatives Exchange, jeera for delivery in July fell by Rs 230, or 1.41 per cent to Rs 16,125 per quintal with an open interest of 26,634 lots.
Likewise, the spice for delivery in June contracts edged lower by Rs 170, or 1.05 per cent to Rs 16,095 per quintal in 312 lots.
Analysts said offloading of positions by speculators, driven by sluggish demand at the spot market against adequate stocks, mainly weighed on jeera prices at futures trade.
