Jeera futures down 1.65 pc on profit-booking

Jeera prices fell 1.65 per cent to close at Rs 18,500 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 the spot market.
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 August fell by Rs 310, or 1.65 per cent, to close at Rs 18,500 per quintal, with an open interest of 2,301 lots.
Similarly, the spice for delivery in July moved down by Rs 285, or 1.52 per cent, to end at Rs 18,470 per quintal in 11,961 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.