Jeera futures fall 0.96% on profit-booking

Jeera prices fell 0.96 per cent to Rs 19,025 per quintal in futures trade today as speculators booked profits at higher levels amid subdued demand at the spot markets 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 current month fell by Rs 185 or 0.96 per cent to Rs 19,025 per quintal with an open interest of 4,662 lots.
Similarly, the contract for September delivery was trading at Rs 19,340, down by 0.84% or Rs 165 in 12,204 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 the futures trade.