Jeera futures fall on profit booking

Jeera futures prices fell by Rs 77 to Rs 14,962 per quintal today, as speculators booked profits amid sluggish export demand.  

However, depleting stocks and lower supplies in the spot market, limited the losses.

At the National Commodity and Derivatives Exchange counter, jeera for delivery in March fell by Rs 77, or 0.51 per cent, to Rs 14,962 per quintal, with an open interest of 7,689 lots.

Similarly, the spice for delivery in January declined by Rs 39, or 0.27 per cent, to Rs 14,300 per quintal, clocked a business turnover of 3,651 lots.

Market analysts said besides profit booking by speculators after gains in the previous session and sluggish export demand also kept pressure on the jeera futures prices here.