Jeera futures dip by 0.70% on profit-booking

NEW DELHI, May 3: Jeera prices fell by 0.70 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 and exports demand.
Furthermore, ample stocks position following higher supplies from the producing belts, too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in June was fell Rs 110, or 0.70 per cent, to trade at Rs 15,685 per quintal, with an open interest of 3,927 lots.
Similarly, the spice for delivery in May moved down by Rs 80, or 0.50 per cent, was trading at Rs 15,750 per quintal in 5,193 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. (PTI)