Jeera prices fell by 0.65 per cent to Rs 20,335 per quintal in futures trade today as speculators trimmed their positions to book profits at prevailing levels amid lower domestic and exports demand at the spot market.
Furthermore, ample stocks position following higher supplies from the producing belts, too, fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery this month fell by Rs 135, or 0.65 per cent, to trade at Rs 20,335 per quintal, with an open interest of 4,614 lots.
Similarly, the spice for delivery in September moved down by Rs 80, or 0.38 per cent, to Rs 20,660 per quintal in 5,574 lots.
Analysts said, besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position, put pressure on jeera futures.
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