Jeera futures down 2.88 pc on profit-booking

Jeera prices fell 2.88 per cent to close at Rs 19,060 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.
Besides, ample stocks position following higher supplies from the producing regions fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 565, or 2.88 per cent, to close at Rs 19,060 per quintal, with an open interest of 10,899 lots.
Similarly, the contract for November was trading at Rs 19,110, down 1.57 per cent, or Rs 305 with an open interest of of 3,894 lots.

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