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Jeera futures down Rs 200 on profit-booking

Press Trust of India  |  New Delhi 

Jeera prices fell Rs 200 to close at Rs 19,140 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and demand.

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

At the National Commodity and Derivatives Exchange, jeera for delivery in the current month fell Rs 200, or 1.02 per cent, to close at Rs 19,140 per quintal with an open interest of 1,596 lots.

Similarly, the spice for delivery in November moved down by Rs 195, or 1.05 per cent, to end at Rs 18,880 per quintal in 10,344 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: Fri, October 13 2017. 19:57 IST