Jeera futures fall on profit-booking

NEW DELHI, Feb 20: Jeera prices fell by Rs 140 to Rs 13,290 per quintal in futures trade today as speculators booked profits at existing levels.
Increased supply from the producing regions and decline in the export demand pulled down the prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in March fell by Rs 140, or 1.04 per cent to Rs 13,290 per quintal with an open interest of 9,912 lots.
Likewise, the spice for delivery in April lost Rs 135, or 1.00 per cent to Rs 13,337.50 per quintal in 8,175 lots.
Analysts said profit-booking by speculators on expectations of higher output and supplies of the new crop, mainly influenced the jeera futures prices. (PTI)