Jeera futures dip Rs 145 on profit-booking

Jeera prices fell Rs 145 to Rs 20,835 per quintal in futures trade on Thursday after speculators cut down their holdings to book profits at prevailing levels amid muted domestic demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in December was down by Rs 145, or 0.69 per cent, to quote at Rs 20,835 per quintal with an open interest of 3,387 lots.

Similarly, the spice for delivery in November moved down by Rs 130, or 0.63 per cent, to Rs 20,460 per quintal in 4,229 lots.

Analysts said besides profit-booking by speculators at existing levels, fall in demand at the spot markets against adequate stocks, kept pressure on jeera prices at futures trade here.