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Jeera futures down 1.04% on profit-booking

Press Trust of India  |  New Delhi 

Jeera prices fell by 1.04 per cent to Rs 16,110 per quintal in futures trade today as speculators booked profits at prevailing levels amid lower domestic and demand at the spot market.

Further, 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 November month fell by Rs 170, or 1.04 per cent, to Rs 16,110 per quintal, with an open interest of 12,276 lots.

Similarly, the spice for delivery in current month moved down by Rs 120, or 0.74 per cent, to Rs 15,975 per quintal in 264 lots.

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 18 2016. 17:22 IST