Jeera futures climb 1.82 pc on pick-up in demand

Jeera prices went up by 1.82 per cent, or Rs 350 to Rs 19,500 per quintal in futures trade today as speculators created fresh positions, driven by pick- up in demand from stockists and overseas enquiries.
Furthermore, tight stocks position following restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in current month rose by Rs 350, or 1.82 per cent, to Rs 19,500 per quintal, with an open interest of 81 lots.
Likewise, the contract for December was trading higher by Rs 250, or 1.26 per cent, to trade at Rs 19,960 per quintal, the open interest of contract stood at 13,728 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 at futures trade.