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Jeera futures fall 0.64% on profit booking

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Press Trust of India New Delhi

Jeera prices fell by Rs 82, or 0.64 per cent, to Rs 12,745 per quintal in futures trading today, as speculators booked profits, driven by a weakening trend at the spot market. 

At the National Commodity and Derivatives Exchange counter, jeera for August contract fell by Rs 82, or 0.64 per cent, to Rs 12,745 per quintal, with an open interest of 11,760 lots.

Similarly, the spice for delivery in July contract declined by Rs 58, or 0.46 per cent, to Rs 12,550 per quintal, with a business volume of 8,361 lots.

Market analysts said profit taking by traders mainly led to a fall in jeera prices at futures trade.

 

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First Published: Jul 05 2010 | 2:07 PM IST

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