Jeera futures fall 0.93% on profit-booking
Ample stocks position following higher supplies from major growing regions in Gujarat and Rajasthan too fuelled the downtrend.
By PTI | Updated:
NEW DELHI: Jeera prices fell 0.93 per cent to Rs 18,110 per quintal in futures trade today as speculators engaged in trimming positions to book profits at prevailing levels amid lower domestic and exports demand.
Furthermore, ample stocks position following higher supplies from major growing regions in Gujarat and Rajasthan too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in July fell Rs 170, or 0.93 per cent, to Rs 18,110 per quintal, with an open interest of 1,554 lots.
Similarly, the spice for delivery in June moved down by Rs 95, or 0.52 per cent, to Rs 18,015 per quintal in 16,155 lots.
Analysts said, besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position, kept pressure on jeera prices at futures trade.
Furthermore, ample stocks position following higher supplies from major growing regions in Gujarat and Rajasthan too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in July fell Rs 170, or 0.93 per cent, to Rs 18,110 per quintal, with an open interest of 1,554 lots.
Similarly, the spice for delivery in June moved down by Rs 95, or 0.52 per cent, to Rs 18,015 per quintal in 16,155 lots.
Analysts said, besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stocks position, kept pressure on jeera prices at futures trade.
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