Jeera softens by 0.7% on profit-booking
However, expectations of lower output due to unseasonal rains in major growing regions restricted the fall
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Amid profit-booking by participants, jeera prices declined by 0.68% to Rs 18,160 per quintal in futures trading today.
However, expectations of lower output due to unseasonal rains in major growing regions restricted the fall.
At the National Commodity and Derivatives Exchange, jeera for delivery in June month moved down by Rs 125, or 0.68% to Rs 18,160 per quintal with an open interest of 12,396 lots.
Similarly, the spice for delivery in May contracts traded lower by Rs 105, or 0.59% to Rs 17,790 per quintal in 17,076 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position, weighed on jeera prices at futures trade.
However, expectations of lower output due to unseasonal rains in major growing regions restricted the fall.
At the National Commodity and Derivatives Exchange, jeera for delivery in June month moved down by Rs 125, or 0.68% to Rs 18,160 per quintal with an open interest of 12,396 lots.
Similarly, the spice for delivery in May contracts traded lower by Rs 105, or 0.59% to Rs 17,790 per quintal in 17,076 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position, weighed on jeera prices at futures trade.
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First Published: Apr 30 2015 | 12:02 PM IST