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Jeera down 0.65% on profit-booking

Higher area under cultivation shrunk the loss

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Jeera prices fell by 0.65% to Rs 14,930 per quintal in futures trade today.

However, some overseas enquiries capped the losses.

At the National Commodity and Derivatives Exchange, the May contract declined by Rs 97.50, or 0.65% to Rs 14,930 per quintal with an open interest of 294 lots.

Likewise, the March contract traded lower by Rs 30, or 0.20% to Rs 14,642.50 per quintal in 14,661 lots.

Analysts said higher area under cultivation and weak spot demand restricted the loss.

Meanwhile, sowing of jeera, a winter-sown crop, is underway in the leading cultivating states.

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First Published: Jan 01 2013 | 11:15 AM IST

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