Jeera prices fell 0.71 per cent
to Rs 15,930 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 June contract fell Rs 115, or 0.71 per cent, to trade at Rs 15,930 per quintal, with an open interest of 4,797 lots.
Similarly, the spice for delivery in July contract moved down by Rs 60, or 0.37 per cent, at Rs 16,060 per quintal in 2,139 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.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)