Jeera futures fall 0.47% on profit-booking

Jeera prices fell 0.47 per cent to Rs 16,800 per quintal in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market against adequate stocks.
Besides, rising supplies from the producing regions and fall in export demand also fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in July fell by Rs 80 or 0.47 per cent to Rs 16,800 per quintal with an open interest of 14,358 lots.
Similarly, the spice for delivery in June moved down by Rs 75 or 0.44 per cent to Rs 16,650 per quintal in 5,790 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 the futures trade.