Jeera futures down Rs 180 on profit-booking

Jeera prices fell Rs 180 to close at Rs 19,040 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 stocks position following higher supplies from the producing regions, fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in December fell Rs 180, or 0.94 per cent lower, to close at Rs 19,040 per quintal with an open interest of 10,251 lots.
Similarly, the spice for delivery this month moved down by Rs 120, or 0.64 per cent lower, to end at Rs 18,715 per quintal in 3,465 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.