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Jeera futures fall 0.86% on profit-booking

Press Trust of India  |  New Delhi 

Jeera prices fell by 0.86 per cent to Rs 18,435 per quintal in futures trade today as speculators trimmed their positions to book profits at prevailing levels amid lower domestic and exports demand at the spot market.

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 by Rs 160, or 0.86 per cent, to trade at Rs 18,435 per quintal, with an open interest of 1,677 lots.

Similarly, the spice for delivery in August moved down by Rs 120, or 0.63 per cent, to Rs 18,650 per quintal in 5,199 lots.

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

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

First Published: Tue, July 10 2018. 12:25 IST