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Jeera up 0.53% on export demand, poor rains

Reduced domestic supplies influence prices

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 4:04 AM IST

Supported by deficient rains and export enquiries, jeera futures traded 0.53% higher at Rs 16,445 per quintal today as speculators created fresh positions.

Reduced domestic supplies in the physical market influenced the prices.

At the National Commodity and Derivatives Exchange, jeera for delivery in August rose by Rs 87.50, or 0.53%, to Rs 16,445 per quintal, with an open interest of 2,262 lots.

August jeera traded higher by Rs 65, or 0.38%, to Rs 16,925 per quintal, with an open interest of 26,379 lots.

Marketmen said restricted supplies in the physical market following lower rainfall in Gujarat, which is the country's top jeera producer, and rising demand on account of the festive season continued to influence the spice prices.

Besides, export enquiries supported the upside in the prices, they said.

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First Published: Aug 06 2012 | 11:50 AM IST

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