Jeera futures down 0.98 pc on profit-booking

Jeera prices fell 0.98 per cent to close at Rs 19,180 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid weak physical demand at the spot market.
Though, some losses were capped on tight stocks position following restricted supplies from the producing regions.
At the National Commodity and Derivatives Exchange, jeera for delivery in September fell Rs 190, or 0.98 per cent, to close at Rs 19,180 per quintal, with an open interest of 9,855 lots.
Similarly, the spice for delivery in current month moved down by Rs 185, or 0.97 per cent, to end at Rs 18,950 per quintal in 6,978 lots.

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