Jeera futures extend fall on profit-booking

Jeera prices fell by Rs 570 to Rs 19,065 per quintal in futures trade today, extending its fall for the second day, as speculators trimmed down their positions on profit-booking at prevailing levels amid lower domestic and exports demand.

Furthermore, reports of improved rains in central Gujarat also weighed on jeera prices in future market.

At the National Commodity and Derivatives Exchange, jeera for September fell sharply by Rs 570, or 2.90 per cent, to Rs 19,065 per quintal with an open interest of 6,987 lots.

Similarly, the spice for October moved down by Rs 530, or 2.65 per cent, to Rs 19,400 per quintal in 2,061 lots.

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