Traders expect jeera prices to be stable despite getting fresh export demand because of rising supplies and higher production hopes.

Jeera futures declined on the back of profit booking by traders.

However, spot prices remained unchanged as demand was normal.

On the NCDEX, jeera for May delivery decreased Rs 82.50 to Rs 12,805 a quintal with an open interest of 6,933 lots.

NCDEX jeera June contract was down Rs 105 to Rs 12,970 with an open interest of 12,312 lots.

About 16,000-17,000 bags of jeera arrived in Unjha mandi of Gujarat and price for the best quality was quoted Rs 2,250-2,350 for 20 kg and medium jeera was traded at Rs 2,040-2,140.

Some fresh export demand has come as supplies from other producing countries are negligible due to political unrest.

Traders, however, do not expect any sharp upside in prices because supplies are rising and production is also estimated to be higher than in the previous year.

Traders expect the output of the spice to be around 34 -35 lakh bags, up 1 lakh bags from last year. This is mainly due to better crop productivity in some areas of Gujarat.