Jeera futures down 0.91 pc on profit-booking

Jeera prices fell 0.91 per cent at Rs 19,075 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 spot markets.
Furthermore, 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 fell Rs 175, or 0.91 per cent, at Rs 19,075 per quintal, with an open interest of 6,402 lots.
Similarly, the spice for delivery in December moved down by Rs 160, or 0.82 per cent, at Rs 19,260 per quintal in 5,808 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.