Jeera futures down Rs 100 on profit-booking

Jeera prices fell Rs 100 to close at Rs 16,445 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and exports demand.
Furthermore, ample stock positions following higher supplies from the producing regions, fuelled the downtrend.
In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in March fell Rs 100, or 0.60 per cent, to close at Rs 16,445 per quintal with an open interest of 9,855 lots.
Similarly, the spice for delivery in April moved down by Rs 95, or 0.57 per cent, to end at Rs 16,690 per quintal in 1,716 lots.

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