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Jeera remains up on rising demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:02 AM IST

Jeera remained up for the second straight day by gaining Rs 52.50 to Rs 14,200 per quintal in the futures market today on rising demand in the spot market.

However, reports of higher output this season capped the gains.

At the National Commodity and Derivatives Exchange, the April contract for jeera gained Rs 52.50, or 0.37%, to Rs 14,200 per quintal, with an open interest of 11,418 lots.

The March contract traded higher by Rs 45, or 0.32%, to Rs 13,915 per quintal, with an open interest of 10,872 lots.

Analysts said increased buying by traders on the back of rising demand in the spot market due to the ongoing marriage season mainly helped jeera prices to remain up.

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First Published: Feb 28 2012 | 3:15 PM IST

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