Jeera futures dip Rs 195 on profit-booking

Jeera prices fell Rs 195 to Rs 21,720 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 stocks position following higher supplies from the producing regions, fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for December fell Rs 195, or 0.88 per cent, to Rs 21,720 per quintal with an open interest of 13,788 lots.
Similarly, the spice for delivery in January moved down by Rs 85, or 0.39 per cent, to Rs 21,280 per quintal in 2,319 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.