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Jeera up 2% on tight supply, rising demand

Spice for delivery in June contracts moved up by 1.8%

Press Trust of India New Delhi
Last Updated : Jun 01 2015 | 1:03 PM IST
Amid rising domestic demand and tight supplies from producing belts, jeera futures traded higher by Rs 2.04 per cent to Rs 18,220 per quintal today as speculators enlarged positions.

In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in July month rose by Rs 365, or 2.04 per cent to Rs 18,220 per quintal with an open interest of 18,900 lots.

Similarly, the spice for delivery in June contracts moved up by Rs 330, or 1.88 per cent to Rs 17,855 per quintal in 16,167 lots.

Analysts attributed gains in jeera prices at futuers trade to rising demand in the spot markets coupled with rsetricted supplies from producing belts.

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First Published: Jun 01 2015 | 11:28 AM IST

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