Jeera futures fall 1.58 pc on profit-booking

Jeera prices fell 1.58 per cent to Rs 19,225 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and exports demand.
Furthermore, ample stocks position following higher supplies from major growing regions in Gujarat and Rajasthan too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in June fell Rs 310, or 1.58 per cent, to Rs 19,225 per quintal, with an open interest of 3,213 lots.
Similarly, the spice for delivery in May moved down by Rs 300, or 1.54 per cent, to Rs 19,075 per quintal in 17,049 lots.

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