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Jeera futures extend fall amid profit booking

Press Trust of India  |  New Delhi 

Jeera prices fell by Rs 190 to Rs 18,340 per in futures trade today, as speculators trimmed positions to book profits at prevailing levels amid lower domestic and exports demand.

Furthermore, higher arrivals also pressured on the jeera prices at future trade.

At the National Commodity and Derivatives Exchange, jeera for delivery in August fell by Rs 190, or 1.02 per cent, to trade at Rs 18,340 per with an open interest of 5,685 lots.

Similarly, the spice for delivery in the current month moved down by Rs 185, or 1 per cent, to trade at Rs 18,135 per in 912 lots.

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

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

First Published: Wed, July 11 2018. 12:50 IST