Jeera futures fall 1 pc on profit-booking

Jeera prices fell one per cent to Rs 17,820 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 fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in July fell Rs 180, or 1 per cent, to Rs 17,820 per quintal, with an open interest of 4,806 lots.
Similarly, the spice for delivery in June moved down by Rs 140, or 0.78 per cent, to Rs 17,740 per quintal in 11,937 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.