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Jeera futures remain up on rising demand

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Press Trust of India New Delhi
Last Updated : May 12 2016 | 12:02 PM IST
Jeera prices rose further by 0.84 per cent to Rs 16,725 per quintal in futures trade today as participants enlarged their positions on the back of strong demand in the spot market amid restricted supplies from producing regions.
At the National Commodity and Derivatives Exchange, jeera for delivery in May month advanced by Rs 140, or 0.84 per cent to Rs 16,725 per quintal with an open interest of 1,392 lots.
Similarly, the spice for delivery in far-month June contracts gained Rs 85, or 0.51 per cent to Rs 16,860 per quintal in 19,539 lots.
Analysts attributed rise in jeera prices at futures trade to widening of bets by traders, driven by uptick in demand in the spot market amid restricted supplies from producing belts.

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First Published: May 12 2016 | 12:02 PM IST

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