Jeera futures succumbs to profit-booking

PTI New Delhi | Updated on February 25, 2011

JEERA being weighed. File Photo - P. V. SIVAKUMAR   -  Business Line

Amid profit-booking by speculators and fresh supply, jeera futures prices fell by 0.57 per cent today. However, depleting stocks and concerns that rain at the producing region may hit output, restricted the losses.

At the National Commodity and Derivatives Exchange, jeera for April contract fell by Rs 100 or 0.57 per cent to Rs 17,538 per quintal with an open interest for 16,179 lots. Similarly, March futures contract fell by Rs 96 or 0.56 per cent to Rs 17,085 per quintal with an open interest of 11,763 lots.

Market analysts said apart from profit-booking after Thursday’s gains, increased supply also put pressure on jeera futures prices.

Published on February 25, 2011

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