Jeera futures down 0.79 pc on profit-booking

Jeera prices fell 0.79 per cent to close at Rs 18,920 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and exports demand at the spot market.
Furthermore, ample stocks position following higher supplies from the producing belts too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in August fell Rs 150, or 0.79 per cent, to close at Rs 18,920 per quintal, with an open interest of 7,782 lots.
Similarly, the spice for delivery in July moved down by Rs 105, or 0.56 per cent, to end at Rs 18,805 per quintal in 6,936 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.