Jeera futures down 0.54 pc on profit-booking

Jeera prices fell 0.54 per cent to close at Rs 19,350 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and exports demand at the spot market.
Besides, ample stocks position following higher supplies from the producing regions fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 105, or 0.54 per cent, to close at Rs 19,350 per quintal, with an open interest of 8,532 lots.
Similarly, the contract for September was trading at Rs 19,650, down 0.48 per cent, or Rs 95 with an open interest of of 10,926 lots.

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