Profit-booking by speculators, anticipating decline in jeera prices on good crop output, led the commodity price to fall by Rs 109, or 0.81 per cent to Rs 13,420 per quintal in futures trading today.
However, tight supply conditions and hopes of overseas demand, capped its losses.
At the National Commodity and Derivatives Exchange, Jeera for October month fell by Rs 109, or 0.81 per cent to Rs 13,420 per quintal, with an open interest of 9,720 lots.
Likewise, the spice for delivery in November traded lower by Rs 90, or 0.66 per cent to Rs 13,545 per quintal in 11,636 lots.
Analysts said profit-booking by speculators after price gains in the previous session, led to the decline in jeera futures prices. However, low stocks in the market due to restricted supplies limited losses, they said.
