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Jeera futures fall 2.33% on profit-booking

Press Trust of India  |  New Delhi 

Jeera prices fell 2.33 per cent, or Rs 340, to trade at Rs 14,250 per quintal in futures market today as speculators cut bets to book profits at prevailing levels amid muted domestic and exports demand.

Furthermore, ample stocks position following higher arrivals in Gujarat, fuelled the downtrend.

At the National Commodity and Derivatives Exchange, jeera for the current month contract fell Rs 340, or 2.33 per cent, to trade at Rs 14,250 per quintal with an open interest of 4,950 lots.

Similarly, the spice for delivery in April contract moved down by Rs 180, or 1.20 per cent, to Rs 14,815 per quintal in 8,079 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 futures.

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

First Published: Mon, March 12 2018. 12:25 IST