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Jeera futures down 0.54% on profit taking

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Press Trust of India New Delhi

Amid profit-taking by speculators, jeera prices fell by Rs 82, or 0.54 per cent, to Rs 15,118 per 100 kg in futures trade today.

However, estimates of lower crop in Syria and Turkey, major competitors of India, capped losses. 

At the National Commodity and Derivatives Exchange, jeera for October contract fell Rs 82, or 0.54 per cent, to Rs 15,118 per 100 kg, with an open interest of 13,734 lots.

Similarly, the spice for delivery in September traded lower by Rs 78, or 0.52 per cent, to Rs 14,829 per 100 kg, with an open interest of 14,814 lots.

It ended at 1.89 per cent higher at Rs 14,947 per 100 kg in the previous session.

 

Analysts said emergence of profit-taking at prevailing prices kept pressure on the jeera futures prices but estimates of lower crop in Syria and Turkey, the major competitors of India, restricted losses in jeera prices at futures trade here.

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First Published: Aug 23 2010 | 1:17 PM IST

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