Jeera futures down 0.94% on profit-booking

Image
Press Trust of India New Delhi
Last Updated : Dec 05 2016 | 1:42 PM IST
Jeera prices fell by 0.94 per cent to Rs 17,900 per quintal in futures trade today as speculators booked profits at prevailing levels on muted domestic and exports demand at the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in January next year fell by Rs 170, or 0.94 per cent, to Rs 17,900 per quintal, with an open interest of 3,882 lots.
Similarly, the spice for delivery in current month moved down by Rs 65, or 0.35 per cent, to Rs 18,415 per quintal in 5,148 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.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 05 2016 | 1:42 PM IST

Next Story