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Jeera rises as demand pick up

However, weak overseas enquiries capped the gain

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 5:29 AM IST

Jeera prices moved up by Rs 142.50 to Rs 14,000 per quintal in futures market today on the back of firm demand in the spot market and thin supplies.

However, weak overseas enquiries capped the gain.

At the National Commodity and Derivatives Exchange, the November contract for jeera rose by Rs 142.50, or 1.03%, to Rs 14,000 per quintal, with an open interest of 13,197 lots.

The October contract traded higher by Rs 125, or 0.92%, to Rs 13,692.50 per quintal, with an open interest of 15,591 lots.

Marketmen said besides pick-up in demand in the spot market, less arrivals from producing belts mainly led to a rise in jeera futures.

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First Published: Sep 25 2012 | 3:57 PM IST

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