Jeera futures fall on profit-booking

Jeera prices fell by Rs 147 to Rs 15,417 per quintal in futures trade today as speculators booked profits, influenced by a weak trend in the spot market on subdued demand.

At the National Commodity and Derivatives Exchange, jeera for September delivery  fell by Rs 147, or 0.94%, to Rs 15,417 per quintal, with an open interest for 20,655 lots.

Similarly, the spice for August delivery declined by Rs 117, or 0.78%, to Rs 14,860 per quintal in 2,124 lots.

Analysts said besides profit-booking by speculators, subdued demand in the spot market put pressure on jeera futures prices.