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Jeera prices fell by 0.28% to Rs 13,225 per quintal in futures market today as speculators reduced their exposures amid rising supplies in the spot market.
Besides, weak export demand also put pressure on prices.
At the National Commodity and Derivatives Exchange (NCDEX), jeera for delivery in June fell Rs 37.50, or 0.28% to Rs 13,225 per quintal with an open interest of 14,082 lots.
In a similar fashion, the spice for delivery in May lost Rs 17.50, or 0.13%, to Rs 13,145 per quintal in 441 lots.
Market analysts attributed the fall in jeera futures to off-loading of positions by speculators, triggered by rising supplies in the spot markets and fall in export demand.
