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Jeera futures rise on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:17 AM IST

Jeera prices rose by Rs 122 to Rs 14,600 per quintal in futures trade today following a rise in demand in the spot market.  

At the National Commodity and Derivatives Exchange, jeera for delivery in September month rose by Rs 122, or 0.84%, to Rs 14,600 per quintal, with an open interest of 1,944 lots.   

Similarly, the spice for delivery in July gained Rs 90, or 0.65%, to Rs 13,900 per quintal in 17,634 lots. 

Analysts said fresh buying by speculators on pick-up in spot market demand helped jeera prices to rise at futures trade. However, weak exports limited the gains.

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First Published: Jun 22 2011 | 2:44 PM IST

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