Jeera futures fell by 1.73 per cent as investors booked profits after they rose by over 7 per cent since August 9.

Spot markets in Gujarat were closed for a week for Janmashtami festival.

September contract of jeera decreased by Rs 280 to Rs 15,890 a quintal on the National Commodity and Derivatives Exchange (NCDEX), with an open interest of 18,255 lots.

October contract dropped by Rs 283 to Rs 16,350, with an open interest of 16,551 lots. Stocks in NCDEX-accredited warehouses rose by 82 tonnes to 11,463 tonnes.

Jeera gained Rs 50.5 at Rs 15,636.45 a quintal at Unjha.

Recovery hopes

Hopes of a recovery in export demand as supplies from other producing centres were disrupted helped traders restrict losses, said a report from Kedia Commodity.

Stockist demand has risen in the domestic market ahead of the festival season and tight international supplies may boost it further, said market sources.

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