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Jeera futures dip Rs 220 on profit-booking

Press Trust of India  |  New Delhi 

Jeera prices fell Rs 220 to close at Rs 21,800 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid muted domestic and demand.

Furthermore, ample stocks position following higher supplies from the producing regions, fuelled the downtrend.

At the National Commodity and Derivatives Exchange, jeera for January fell Rs 220, or 1 per cent, to Rs 21,800 per quintal with an open interest of 4,380 lots.

Similarly, the spice for delivery in current month moved down by Rs 195, or 0.89 per cent, to end at Rs 21,730 per quintal in 10,479 lots.

Analysts said besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position, kept pressure on jeera prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 17:45 IST