Jeera prices declined by 0.85 per cent to Rs 17,470 per quintal in futures trade today as traders cut down their positions, triggered by easing demand in the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in July month fell by Rs 150, or 0.85 per cent, to Rs 17,470 per quintal with an open interest of 16,182 lots.
On similar lines, the spice for delivery in August contracts traded lower by Rs 140, or 0.78 per cent, to Rs 17,710 per quintal in 7,068 lots.
Analysts said trimming of positions by participants amid subdued demand in the spot market against adequate stocks position, mainly attributed fall in jeera prices at futures trade.
