Jeera futures down 0.77% on profit-booking

Jeera prices fell by 0.77 per cent to Rs 17,270 per quintal in futures trade today as speculators booked profits at prevailing levels amid lower domestic and exports demand at the spot market.
Further, ample stocks position following higher supplies from the producing belts too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in November month fell by Rs 135, or 0.77 per cent, to Rs 17,270 per quintal, with an open interest of 8,937 lots.
Similarly, the spice for delivery in December moved down by Rs 130, or 0.73 per cent, to Rs 17,550 per quintal in 4,815 lots.

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