Jeera futures down 1.01 per cent on profit-booking

Jeera prices fell by 1.01 per cent to Rs 16,660 per quintal in futures trade today as speculators booked profits at prevailing levels on lower domestic and exports demand at the spot market amid ample stocks position.
At the National Commodity and Derivatives Exchange, jeera for delivery in March fell by Rs 170, or 1.01 per cent, to Rs 16,660 per quintal, with an open interest of 2,826 lots.
Similarly, the spice for delivery in April moved down by Rs 150, or 0.90 per cent, to Rs 16,560 per quintal in 5,904 lots.
Analysts said, besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position kept pressure on jeera prices at futures trade.