Jeera prices fell sharply by Rs 495 to Rs 20,095 per quintal in futures trade Wednesday as speculators were engaged in trimming positions to book profits at existing levels amid muted domestic demand.
Furthermore, adequate stocks position in the spot market following higher supplies from the producing regions fulled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for December plunged by Rs 495, or 2.40 per cent, to Rs 20,095 per quintal with an open interest of 5,958 lots.
Similarly, the spice for November moved down by Rs 400, or 1.98 per cent, to Rs 19,805 per quintal in 33 lots.
Marketmen said, apart from profit-booking by speculators, fall in demand exerted pressure on the prices.