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Jeera futures down 1.34% on profit-booking

Press Trust of India  |  New Delhi 

Jeera prices fell by 1.34 per cent to close to Rs 18,340 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 December month fell by Rs 250, or 1.34 per cent, to close at Rs 18,340 per quintal, with an open interest of 5,886 lots.

Similarly, the spice for delivery in January next year moved down by Rs 190, or 1.04 per cent, to ended at Rs 18,065 per quintal in 3,231 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: Wed, November 30 2016. 18:57 IST