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Jeera falls 1.6% on profit-booking

Thin supplies cap losses

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 5:29 AM IST

Amid profit-booking by speculators and weak overseas demand, jeera prices fell by 1.64% to Rs 13,470 per quintal in futures trade today.

Thin supplies in the spot markets restricted the losses.

At the National Commodity and Derivatives Exchange, jeera for delivery in October fell by Rs 225, or 1.64%, to Rs 13,470 per quintal, with a turnover of 15,366 lots.

November jeera traded lower by Rs 210, or 1.50%, to Rs 13,780 per quintal, with an open interest of 13,950 lots.

Marketmen attributed fall in jeera prices at futures trade to profit-booking by speculators but thin supplies in the market capped the losses.

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First Published: Sep 26 2012 | 2:36 PM IST

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