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Jeera succumbs on higher output concerns

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Press Trust of India New Delhi

Jeera prices fell by Rs 47 or 0.39 per cent to Rs 11,935 per quintal in futures trade today as speculators booked profits amid higher output estimates.

At the National Commodity and Derivatives Exchange, jeera for delivery in July contract fell by Rs 47, or 0.39 per cent to Rs 11,935 per quintal, with an open interest of 12,048 lots.

The spice for delivery in current-month June contract also declined by Rs 22, or 0.19 per cent to Rs 11,790 per quintal, with an open interest of 3,825 lots.

Market analysts said besides, profit taking by traders, estimates of higher output led to a fall in jeera prices at futures trade.

 

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First Published: Jun 16 2010 | 3:43 PM IST

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