Agri Business

Jeera futures plunge on profit booking

PTI New Delhi | Updated on January 24, 2011 Published on January 12, 2011

Jeera futures prices fell sharply by Rs 56 to Rs 14,514 a quintal on Wednesday, as speculators booked profits amid sluggish demand.

Jeera prices for delivery in February traded lower by Rs 56, or 0.38 per cent, to Rs 14,514 a quintal, with an open interest of 15,021 lots at the National Commodity and Derivatives Exchange platform.

Similarly, the spice for delivery in January declined by Rs 50, or 0.35 per cent, to Rs 14,184 a quintal, clocking a trade volume of 6,507 lots, while the March contract lost Rs 49, or 0.33 per cent, to Rs 14,785 a quintal, clocking an open interest of 6,339 lots.

Analysts said profit booking by speculators at prevailing higher levels and slackened demand in the spot market mainly pulled down jeera futures.

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Published on January 12, 2011
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