Jeera futures fall 1.56 pc on profit-booking

Jeera prices fell by 1.56 per cent to Rs 18,355 per quintal in futures trade today as speculators trimmed their positions to book profits amid lower domestic and export demand at the spot market.

Ample stocks position following higher supplies from the producing belts, too, fuelled the downtrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in the current month contract fell by Rs 290, or 1.56 per cent, to Rs 18,355 per quintal, with an open interest of 204 lots.

Similarly, the spice for delivery in August moved down by Rs 175, or 0.94 per cent, to Rs 18,530 per quintal in 5,721 lots.

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