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Jeera rises 1.8% on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:54 AM IST

Supported by a pick-up in spot demand, jeera futures today rose by 1.82% to Rs 12,465 per quintal.

However, increased arrivals of the new season crop in the markets amid hopes of higher output this year capped the gains.

At the National Commodity and Derivatives Exchange, the May contract shot up by Rs 222.50, or 1.82%, to Rs 12,465 per quintal in an open interest of 11,274 lots.

The April contract moved up by Rs 205, or 1.72%, to Rs 12,140 per quintal, having an open interest of 13,753 lots.

Analysts said a firming trend at the spot markets on the back of pick-up in demand mainly influenced jeera prices at futures trade here, but rising supplies from new crops amid expectations of higher output this year restricted the gains.

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First Published: Apr 04 2012 | 2:11 PM IST

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