Restricted supplies, export enquiries cap losses
Jeera prices fell by Rs 220 to Rs 15,990 per quintal in futures market today as speculators booked profits at prevailing higher levels.
Restricted domestic supplies in the physical markets and some export enquiries capped the losses.
At the National Commodity and Derivatives Exchange, jeera for delivery in September fell by Rs 220, or 1.36%, to Rs 15,990 per quintal, with an open interest of 21,240 lots.
October jeera moved down by Rs 202.50, or 1.22%, to Rs 16,400 per quintal in 13,887 lots.
Marketmen said apart from profit-booking by speculators at prevailing higher levels, sluggish demand in the spot market kept pressure on jeera prices at futures trade.
With the rainfall picking up in the last few weeks, prices for agri-commodities like sugar, turmeric, potato, pepper and cotton have gone down.