Jeera futures fall 1.53% on profit-booking

Jeera prices fell 1.53 per cent to Rs 19,900 per quintal in futures trade today as speculators booked profits at higher levels amid subdued demand at 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 current month fell by Rs 310 or 1.53 per cent to Rs 19,900 per quintal with an open interest of 1,155 lots.
Similarly, the spice for delivery in August moved down by Rs 235 or 1.17 per cent to Rs 19,790 per quintal in 14,034 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.