 "Jeera up 2% on rising demand")
Jeera prices gained 2% to Rs 12,897.50 per quintal in futures trade today as speculators indulged in creating fresh positions driven by rising demand in the spot market.
However, expectations of higher output limited the gains.
At the National Commodity and Derivatives Exchange, jeera for delivery in April gained Rs 252.50, or 2%, to Rs 12,897.50 per quintal with an open interest of 1,719 lots.
Analysts said fresh positions created by speculators driven by rising demand in the spot market mainly pushed up jeera prices at futures trade but expectations of higher output capped the gains.
However, expectations of higher output limited the gains.
At the National Commodity and Derivatives Exchange, jeera for delivery in April gained Rs 252.50, or 2%, to Rs 12,897.50 per quintal with an open interest of 1,719 lots.
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Similarly, the spice for delivery in March traded higher by Rs 250, or 1.99%, to Rs 12,785 per quintal in 7,059 lots.
Analysts said fresh positions created by speculators driven by rising demand in the spot market mainly pushed up jeera prices at futures trade but expectations of higher output capped the gains.