Jeera futures slip on profit-booking

Jeera prices fell 1.93 per cent to close at Rs 18,550 per quintal in futures trade today as speculators engaged in trimming positions to book profits amid lower domestic and exports demand at the spot market.
Besides, ample stocks position following higher supplies from the producing regions fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in November fell Rs 365, or 1.93 per cent, to close at Rs 18,550 per quintal with an open interest of 5,277 lots.
Similarly, the contract for December delivery was trading at Rs 18,870, down 1.56 per cent, or Rs 300 with an open interest of of 7,278 lots.

Analysts said 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.