Jeera futures down on profit-booking

PTI New Delhi | Updated on February 04, 2011

Jeera prices declined by Rs 96 to Rs 15,100 per quintal at the futures trade today, as speculators booked profits, amid sluggish export demand.

At the National Commodity and Derivatives Exchange counter, jeera for delivery in March fell by Rs 96 or 0.63 per cent to Rs 15,100 per quintal with an open interest of 16,839 lots.

Similarly, the spice for delivery in February lost Rs 59 or 0.88 per cent to Rs 14,706 per quintal with a business turnover of 7,857 lots.

Market analysts said besides profit-booking by speculators at the existing higher levels, amid sluggish export demand, also had a pressure on the jeera futures prices.

Published on February 04, 2011

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