Jeera decline on profit-booking

Subdued export demand also dragged prices

Jeera prices declined by Rs 137.50 to Rs 13,702.50 per quintal in futures trading today as speculators booked profits at prevailing higher levels, driven by subdued export demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in July declined by Rs 137.50, or 0.99%, to Rs 13,702.50 per quintal, with an open interest of 12,567 lots.

The August contract traded lower by Rs 112.50, or 0.79% to Rs 14,195 per quintal in 15,603 lots.

Market analysts said besides profit-bookings by speculators, subdued export demand led to a decline in jeera prices at futures trade.