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Jeera futures fall on profit booking

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 6:57 AM IST

Jeera futures prices fell by Rs 70 to Rs 15,202 per quintal today, as speculators booked profits at existing higher levels, amid subdued export demand.

However, diminishing stocks and lower sowing due to unseasonal rains at producing centres, capped the losses.

At the National Commodity and Derivatives Exchange counter, jeera for February delivery fell by Rs 70, or 0.46 per cent to Rs 15,202 per quintal, with an open interest of 5,910 lots.

Similarly, the spice for delivery in January declined by Rs 67, or 0.45 per cent to Rs 14,920 per quintal, clocked a trade volume of 13,392 lots. It ended 0.28 per cent higher at Rs 14,987 per quintal in the previous session.

The spice for December contract also down by Rs 60, or 0.32 per cent to Rs 14,545 per quintal, with an open interest of 7,143 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, subdued export demand weighed on the trading sentiment, pulling down jeera futures prices at futures market here.

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First Published: Dec 06 2010 | 2:17 PM IST

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