Don’t miss the latest developments in business and finance.

Jeera futures up on spot demand

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:24 AM IST

Jeera prices rose by Rs 125 to Rs 13,660 per quintal in futures trade today on pick up in demand and decline in arrivals in the physical market.

Expectations of improvement in exports demand in the coming days also boosted the market sentiment.

At the National Commodity and Derivatives Exchange counter, jeera for December-month rose by Rs 125, or 0.92 per cent, to Rs 13,660 per quintal, with an open interest of 13,541 lots.

In a similar fashion, the spice for delivery in October- month moved up by Rs 78, or 0.58 per cent, to Rs 13,560 per quintal in 10,227 lots.

Analysts said firming trend at spot markets and expectations of rise in exports demand, mainly led to a rise in jeera futures trade here.

Restricted arrivals from producing regions also influenced the jeera prices, they said.

Also Read

First Published: Oct 01 2010 | 3:31 PM IST

Next Story