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Jeera futures up on good spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 11:53 PM IST

Jeera prices rose by Rs 280 to Rs 15,185 per quintal in futures trade today on emergence of buying by traders following pick-up in spot market demand.    

At the National Commodity and Derivatives Exchange, jeera for August delivery rose by Rs 280, or 1.88%, to Rs 15,185 per quintal, with an open interest of 4,926 lots.   

Similarly, the spice for September delivery moved up by Rs 278, or 1.78%, to Rs 15,711 per quintal, with an open interest of 20,370 lots.

Analysts said emergence of buying by traders on pick-up in demand in the spot markets supported by ongoing festive season, mainly pushed up jeera futures prices.

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First Published: Aug 16 2011 | 1:12 PM IST

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