Jeera prices fell by Rs 195 to trade at Rs 18,690 per quintal in futures market today as speculators trimmed positions to book profits at prevailing levels amid lower domestic and exports demand.
Also, ample stock positions following higher supplies from the producing regions fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery this month fell Rs 195, or 1.03 per cent, to trade at Rs 18,690 per quintal with an open interest of 2,568 lots.
Similarly, the spice for delivery in August moved down by Rs 160, or 0.84 per cent, to Rs 18,900 per quintal in 4,593 lots.
Analysts said, besides profit-booking by speculators at existing levels, a fall in demand at the spot market against adequate stock positions, kept pressure on jeera futures.
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