Demand growth lifts jeera futures by 2.37%

Jeera prices moved up by 2.37 per cent, or Rs 470, to Rs 20,335 per quintal in futures trade today, driven by pick-up in demand from stockists and overseas enquiries.
Furthermore, restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in December rose by Rs 470, or 2.37 per cent, to Rs 20,335 per quintal, with an open interest of 13,911 lots.
Likewise, the contract for the current month was trading higher by Rs 85, or 0.44 per cent, to trade at Rs 19,475 per quintal. The open interest of contract stood at 12 lots.

Traders said speculative positions built up by participants amid rising domestic as well as export demand mainly led to the rise in jeera prices in futures trade.