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Jeera futures end 1.93% down on profit-booking

Press Trust of India  |  New Delhi 

Jeera ended in negative zone with prices falling by 1.93 per cent to Rs 16,275 per quintal in futures trade today as speculators booked profits at prevailing levels amid fall in domestic as well as export demand at the spot market.

Further, anticipation of good crop from the producing regions in the next season too fuelled the downtrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in November fell Rs 320, or 1.93 per cent, to Rs 16,275 per quintal, with an open interest of 12,417 lots.

Similarly, the spice for delivery in October moved down Rs 235, or 1.44 per cent, to Rs 16,110 per quintal in 324 lots.

Analysts said besides profit-booking by speculators at existing higher levels, fall in domestic as well as export 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: Mon, October 17 2016. 18:49 IST