Jeera down 0.65% on profit-booking

Higher area under cultivation shrunk the loss

Jeera prices fell by 0.65% to Rs 14,930 per quintal in futures trade today.

However, some overseas enquiries capped the losses.

At the National Commodity and Derivatives Exchange, the May contract declined by Rs 97.50, or 0.65% to Rs 14,930 per quintal with an open interest of 294 lots.

Likewise, the March contract traded lower by Rs 30, or 0.20% to Rs 14,642.50 per quintal in 14,661 lots.

Analysts said higher area under cultivation and weak spot demand restricted the loss.

Meanwhile, sowing of jeera, a winter-sown crop, is underway in the leading cultivating states.