Jeera futures dip Rs 110 on profit-booking

Jeera prices fell Rs 110 to Rs 21,635 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid muted domestic and exports demand.
Furthermore, ample stock position following higher supplies from the producing regions, fuelled the downtrend.
In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in January month fell Rs 110, or 0.50 per cent, to Rs 21,635 per quintal with an open interest of 12,513 lots.
Similarly, the spice for delivery in March moved down by Rs 85, or 0.47 per cent, to Rs 17,750 per quintal in 4,320 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 prices at futures trade.