Jeera prices fell marginally by Rs 8, or 0.07 per cent, to Rs 12,015 per quintal in futures trade today in line with poor spot demand amid concerns over higher output estimates.
Sluggish exports enquiries too weighed on jeera futures prices. At the National Commodity and Derivative Exchange, jeera for delivery in June contract traded Rs 8, or 0.07 per cent, down at Rs 12,015 per quintal with an open interest of 14,466 lots.
The spice for delivery in July contract also moved down by Rs 5, or 0.04 per cent, to Rs 12,376 per quintal with an open interest of 10,920 lots.
Analysts said besides sluggish spot demand and poor exports, higher output estimates also put pressure on the jeera futures prices.
Meanwhile, spot rates in Unjha, a key spot market in Gujarat, ended lower at Rs 12,536 per quintal in yesterday's trade.
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