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Jeera futures down 1.18 pc on profit-booking

Press Trust of India  |  New Delhi 

Jeera prices fell 1.18 per cent to close at Rs 19,180 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and demand at the spot market. 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 current month fell Rs 230, or 1.18 per cent, to close at Rs 19,180 per quintal, with an open interest of 4,755 lots. Similarly, the spice for delivery in September contract moved down by Rs 185, or 0.94 per cent, to end at Rs 19,490 per quintal in 12,069 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 prices at futures trade.

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

First Published: Mon, August 07 2017. 19:02 IST