Jeera futures fall 1.25 pc on profit-booking

Amid profit-booking by speculators and fall in spot demand, jeera prices fell by 1.25 per cent to Rs 15,370 per quintal in futures trading today as speculators booked profits at existing higher levels, driven a fall in demand in the spot market.
Besides, adequate stocks position in the physical market on increased supplies from producing regions put pressure on jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in March month declined by Rs 195, or 1.25 per cent to Rs 15,370 per quintal with an open interest of 17,913 lots.
In a similar fashion, the spice for delivery in February contracts traded lower by Rs 175, or 1.13 per cent to Rs 15,265 per quintal in 294 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, a fall in demand in the spot market against adequate stocks mainly influenced jeera prices at futures trade.