Jeera futures prices fell by 0.26% to Rs 16,790 per quintal today after speculators reduced their positions, driven by adequate stocks following increased supplies of new crop.
At the National Commodity and Derivatives Exchange, jeera for delivery in June fell by Rs 43, or 0.26%, to Rs 16,790 per quintal, with an open interest for 13,170 lots.
April jeera shed Rs 35, or 0.22%, to Rs 16,017, with a business turnover of 13,170 lots.
Analysts attributed the fall in jeera prices to mounting supplies from the new crop in the market amid weak export demand.
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