Jeera futures down 1.29% on profit-booking

Jeera prices fell 1.29 per cent to close at Rs 19,090 per quintal in futures trade today as speculators engaged in trimming their 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 the major growing regions in Gujarat and Rajasthan too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery this month fell by Rs 250, or 1.29 per cent, to close at Rs 19,090 per quintal, with an open interest of 432 lots.
Similarly, the spice for delivery May month moved down by Rs 210, or 1.08 per cent, to end at Rs 19,285 per quintal in 18,441 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.