Jeera futures down 1.45 pc on profit-booking

Jeera prices fell 1.45 per cent to Rs 16,970 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 producing belts and reports of good sowing in Gujarat due to favourable weather condition weighed on jeera prices, traders said.
At the National Commodity and Derivatives Exchange, jeera for delivery in January fell by Rs 250, or 1.45 per cent, to Rs 16,970 per quintal, with an open interest of 1,870 lots.
Similarly, the spice for delivery in March 2017 moved down by Rs 230, or 1.42 per cent, to Rs 16,000 per quintal in 4,248 lots.