Jeera futures succumb to profit booking, fall 0.78 pc

Jeera prices fell down by 0.78 per cent to Rs 19,190 per quintal in futures trade today as speculators booked profits at prevailing levels due to easing demand in the spot market.
Ample stocks position following higher supplies from the producing belts too weighed on prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in August fell by Rs 150, or 0.78 per cent, to Rs 19,190 per quintal with an open interest of 7,521 lots.
Likewise, the spice for delivery in September declined by Rs 110, or 0.56 per cent, to Rs 19,415 per quintal in 9,465 lots.

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