Jeera futures down 0.78 pc on profit-booking

Jeera prices fell 0.78 per cent to close at Rs 19,105 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.
Furthermore, ample stocks position following higher supplies from major growing regions in Gujarat and Rajasthan fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for June delivery fell by Rs 150, or 0.78 per cent, to close at Rs 19,105 per quintal, with an open interest of 3,444 lots.
Similarly, the spice for delivery in May moved down by Rs 140, or 0.73 per cent, to end at Rs 18,960 per quintal in 16,473 lots.

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