Jeera prices fell by Rs 208 to Rs 16,965 per quintal in futures trade today as speculators engaged in booking profits. However, hopes of pick-up in export demand on low output in Syria and Turkey, capped the losses.
At the National Commodity and Derivatives Exchange, jeera for October delivery fell by Rs 208, or 1.21%, to Rs 16,965 per quintal, with an open interest of 3,561 lots.
The spice for September delivery lost Rs 182, or 1.09%, to Rs 16,576 per quintal, with an open interest of 17,664 lots. Similarly, jeera delivery in August fell by Rs 161, or 0.99%, to Rs 16,140 per quintal, with an open interest of 16,911 lots.
Market analysts said continued profit-booking by speculators mainly weighed on the jeera prices at futures trade here. However, expectations of pick-up in overseas demand following lower output in Syria and Turkey, restricted the losses.
