Jeera falls 1.27% on profit-booking

Adequate stocks influence prices

Jeera prices fell by 1.27% to Rs 13,000 per quintal in futures market today due to profit-booking at prevailing higher levels.

At the National Commodity and Derivatives Exchange, jeera for delivery in May fell by Rs 167.50, or 1.27%, to Rs 13,000 per quintal with an open interest of 198 lots.

The spice for delivery in June contract shed Rs 65, or 0.50%, to Rs 13,060 per quintal in 12,624 lots.

Market analysts attributed the fall in jeera futures to profit-booking by speculators at prevailing levels, driven by a fall in demand in the spot market against adequate stocks position.