Jeera prices fell 1.27 per cent to Rs 15,855 per quintal in futures trade today as speculators trimmed 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 in May contracts fell Rs 205, or 1.27 per cent, to trade at Rs 15,855 per quintal, with an open interest of 5,757 lots.
Similarly, the spice for delivery in June contracts moved down by Rs 200, or 1.24 per cent, at Rs 15,905 per quintal in 3,063 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position, kept pressure on jeera futures.
Disclaimer: No Business Standard Journalist was involved in creation of this content
