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Jeera up on firm spot market demand

Speculators hiked positions tracking a firm spot market trend on pick up in demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 6:29 AM IST

Jeera prices rose 0.52% to Rs 14,925 per quintal in futures trade today as speculators hiked positions tracking a firm spot market trend on pick up in demand.

At the National Commodity and Derivatives Exchange, the December contract for jeera gained Rs 77.50, or 0.52%, to Rs 14,925 per quintal, with an open interest of 16,323 lots.

The March contract traded higher by Rs 70, or 0.45%, to Rs 15,710 per quintal, with an open interest of 4,635 lots.

Market participants said fresh positions created by speculators on the back of a rise in demand in the spot market amid a better trend at the producing region Unjha, Gujarat, mainly influenced jeera futures.

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First Published: Nov 21 2012 | 11:57 AM IST

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