Jeera futures fall on profit booking, weak export demand

Jeera futures prices fell by Rs 228 to Rs 15,486 per quintal today, as speculators booked profits amid sluggish export demand.

However, a likely delay in fresh arrivals due to late sowing and depleting stocks, limited the losses.   

At the National Commodity and Derivatives Exchange counter, jeera for delivery in February fell Rs 228, or 1.45 per cent, to Rs 15,486 per quintal, with an open interest of 13,503 lots.

Similarly, the spice for delivery in March declined by Rs 227, or 1.40 per cent, to Rs 15,864 per quintal, with an open interest of 15,513 lots.

While April contract fell by Rs 206, or 1.25 per cent to Rs 16,240 per quintal, with an open interest of 2,085 lots. 

Market analysts said besides profit booking by speculators after gains in the previous session and sluggish overseas demand weighed on the jeera futures prices here, but depleting stocks and a likely delay in fresh arrivals, limited losses.