Jeera extends gain in futures trade on rising spot demand

Jeera remained firm and prices advanced by 0.55 per cent to Rs 19,180 per quintal in futures trade today as speculators enlarged positions, taking positive cues from spot market.
Tight stocks position in the physical market on restricted arrivals from growing regions also supported the upside.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month July moved up by Rs 105, or 0.55 per cent to Rs 19,180 per quintal with an open interest of 12,267 lots.
Also, the spice for delivery in June contracts gained Rs 90, or 0.48 per cent to Rs 18,830 per quintal in 22,692 lots.

Analysts said besides rising demand in the spot market, restricted supplies from producing regions mainly kept jeera prices higher at futures trade.