Jeera futures extend fall amid profit-booking

NEW DELHI, May 4: Jeera prices fell by Rs 150 to Rs 15,545 per quintal in futures trade today, extending its fall for the second day, as speculators trimmed positions to book profits at prevailing levels amid lower domestic and exports demand.
Furthermore, bumper production of jeera also weighed on the prices in future market.
At the National Commodity and Derivatives Exchange, jeera for delivery in June contracts fell by Rs 150, or 0.95 per cent, to trade at Rs 15,545 per quintal with an open interest of 4,065 lots.
Similarly, the spice for delivery in the current month moved down by Rs 130, or 0.82 per cent, to trade at Rs 15,600 per quintal in 4,851 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)