Jeera futures decline on profit taking

Jeera futures prices traded marginally lower by Rs 12 to Rs 13,429 per quintal today due to profit taking at existing higher levels.

At the National Commodity and Derivatives platform, jeera for November-month contract declined by Rs 12, or 0.09 per cent to Rs 13,429 per quintal, with an open interest of 7,050 lots. 

Similarly, the spice for delivery in December traded lower by Rs 7, or 0.05 per cent to Rs 13,821 per quintal, with a trade volume of 12,660 lots.

Marketmen said besides profit taking by speculators at prevailing higher levels led to decline in jeera futures prices.