Jeera futures fall 0.80% on profit-booking

Jeera prices fell by 0.80 per cent to Rs 15,995 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 June fell by Rs 130, or 0.80 per cent, to Rs 15,995 per quintal with an open interest of 16,302 lots.
Similarly, the spice for delivery in July moved down by Rs 125, or 0.76 per cent, to Rs 16,160 per quintal in 4,989 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 futures trade.