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Jeera futures down on profit-booking

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Press Trust of India New Delhi

Jeera traded lower by Rs 28, or 0.20 per cent, to Rs 13,828 per quintal in futures trading today after speculators booked profits after yesterday's rise.

However, poor stocks following tight supplies and export demand at the spot markets, restricted losses.

At the National Commodity and Derivatives Exchange platform, jeera for delivery in September fell by Rs 28, or 0.20 per cent, to Rs 13,828 per quintal, with an open interest of 10,548 lots.

Similarly, the spice for delivery in October lost Rs 9, or 0.06 per cent, to Rs 13,985 per quintal, with an open interest of 14,406 lots.
     
Analysts said emergence of profit-taking by speculators led to a fall in jeera futures but domestic and export demand, restricted losses.

 

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First Published: Sep 07 2010 | 4:42 PM IST

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