Jeera futures fall 0.68% on profit-booking

Jeera prices fell by 0.68 per cent to Rs 16,150 per quintal in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market against adequate stocks.
Besides, rising supplies from the producing regions and fall in export demand also fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in July fell by Rs 110, or 0.68 per cent, to Rs 16,150 per quintal with an open interest of 5,895 lots.
Similarly, the spice for delivery in June moved down by Rs 90, or 0.56 per cent, to Rs 16,030 per quintal in 15,852 lots.

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