Jeera futures fall 1.41% on profit-booking

Jeera prices fell 1.41 per cent to Rs 15,685 per quintal in futures trade today as speculators trimmed positions to book profits at prevailing levels amid lower domestic demand at the spot market.
Moreover, the anticipations of higher production this season. However, increase in export demand have capped some losses in Jeera rates.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month April fell by Rs 225, or 1.41 per cent, to trade at Rs 15,685 per quintal, with an open interest of 2,868 lots.
Similarly, the spice for delivery in March moved down by Rs 110, or 0.70 per cent, at Rs 15,525 per quintal in 9,714 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 futures.