Jeera futures down 0.94 pc on profit-booking

Jeera prices fell 0.94 per cent to close at Rs 18,975 per quintal in futures trade today as speculators booked profits at prevailing levels amid lower domestic and exports demand.

Besides, adequate stocks position following higher supplies from producing regions too fuelled the downtrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 180, or 0.94 per cent, at Rs 18,975 per quintal, with an open interest of 10,359 lots.

The spice for delivery in November moved down by Rs 150, or 0.78 per cent, to end at Rs 19,045 per quintal in 5,454 lots.

Analysts said besides profit-booking by speculators at existing levels, fall in demand at spot market against adequate stocks position, kept pressure on jeera prices at futures trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)