Jeera prices declined by 1.18 per cent to Rs 21,240 per quintal in futures trade today as traders cut down positions amid easing demand at the spot markets.
Improved arrivals from major producing belts also fuelled the downtrend.
In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in January fell by Rs 255, or 1.18 per cent, to Rs 21,240 per quintal with an open interest of 10,770 lots.
On similar lines, the spice for delivery in the current month traded lower by Rs 155, or 0.72 per cent, to Rs 21,245 per quintal in 2,703 lots.
Analysts said trimming of positions by participants amid subdued demand at the spot market, mainly led to the fall in jeera prices in futures trade.
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