Jeera futures fall 0.61% on profit-booking

Jeera prices fell by 0.61 per cent to Rs 16,300 per quintal in the futures trade today as speculators trimmed positions to book profits at the prevailing levels amid lower demand.

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 this month fell Rs 100, or 0.61 per cent, to trade at Rs 16,300 per quintal, with an open interest of 1,446 lots.

Similarly, the spice for delivery in June moved down by Rs 70, or 0.44 per cent, at Rs 15,985 per quintal in 5,160 lots.

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