Jeera futures fall on profit booking, subdued export demand

Amid profit taking by speculators and subdued domestic and export demand, jeera futures prices fell by Rs 65 to Rs 15,920 per quintal at the National Commodity and Derivatives Exchange (NCDEX) today. 

However, estimates of lower production, a squeeze in supplies and lower stocks, capped the losses.

At the NCDEX, jeera for delivery in March fell by Rs 65, or 0.41 per cent, to Rs 15,920 per quintal, with an open interest of 17,130 lots.

Similarly, the spice for delivery in February declined by Rs 22, or 0.14 per cent, to Rs 15,525 per quintal, with an open interest of 5,715 lots.

Market analysts said apart from profit booking after yesterday's gains, weak domestic and export demand also kept pressure on the jeera futures prices.