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Jeera futures down 1.13 pc on profit-booking

Press Trust of India  |  New Delhi 

Jeera prices fell 1.13 per cent to close at Rs 19,090 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and demand at the spot market.

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

At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 240, or 1.13 per cent, to close at Rs 19,090 per quintal, with an open interest of 615 lots.

Similarly, the contract for November was trading at Rs 19,200, down 1.03 per cent, or Rs 220 with an open interest of of 9 lots.

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

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

First Published: Mon, September 11 2017. 18:57 IST