 "Jeera down 0.9% on profit-booking")
Jeera prices fell by 0.94 per cent to Rs 17,330 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 current month fell by Rs 165, or 0.94 per cent, to Rs 17,330 per quintal, with an open interest of 5,163 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.
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 current month fell by Rs 165, or 0.94 per cent, to Rs 17,330 per quintal, with an open interest of 5,163 lots.
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Similarly, the spice for delivery in October moved down by Rs 140, or 0.80 per cent, to Rs 17,460 per quintal in 16,563 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.