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Jeera futures end 1.63% down on profit-booking

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Press Trust of India New Delhi
Jeera ended in negative zone with prices falling by 1.63 per cent to Rs 15,990 per quintal in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market.

At the National Commodity and Derivatives Exchange, jeera for delivery in November fell Rs 265, or 1.63 per cent, to Rs 15,990 per quintal, with an open interest of 15,351 lots.

Similarly, the spice for delivery in December moved down Rs 210, or 1.27 per cent, to Rs 16,270 per quintal in 3,453 lots.

Analysts said besides profit-booking by speculators at existing higher levels, fall in demand in the spot market against adequate stocks position, kept pressure on jeera prices at futures trade.

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First Published: Oct 21 2015 | 5:57 PM IST

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