Jeera futures down Rs 270 on profit-booking

Jeera prices fell by Rs 270 to end at Rs 21,260 per quintal in futures trade today as speculators booked profits at prevailing levels amid muted domestic and export demand.
Reports of good sowing conditions in Gujarat amid ample stocks position following higher supplies from the producing regions also fuelled the downtrend.
In futures trading at the National Commodity and Derivatives Exchange, jeera for this month fell Rs 270, or 1.25 per cent, to close at Rs 21,260 per quintal with an open interest of 7,119 lots.
Similarly, the spice for delivery in January moved down by Rs 100, or 0.46 per cent, to end at Rs 21,420 per quintal in 8,505 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.