Jeera futures rose by Rs 258 to Rs 16,370 per quintal today, as speculators created fresh positions, driven by pick-up in spot market demand amid restricted arrivals from the producing regions.
At the National Commodity and Derivatives Exchange, February jeera rose by Rs 258, or 1.60%, to Rs 16,370 per quintal, with an open interest of 11,814 lots.
The January contract moved up by Rs 216, or 1.37%, to Rs 16,022 per quintal, with a business volume of 11,022 lots.
Analysts said fresh buying by speculators on pick-up in spot demand amid restricted arrivals from producing mainly pushed up jeera futures prices.
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