Jeera rises 0.65% on spot demand

Traders widen positions as restricted supplies from growing regions sustain uptrend

Jeera prices were up 0.65 per cent to Rs 16,160 per quintal in futures trade today after traders widened their positions taking positive cues from spot market.

In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in November rose Rs 105 or 0.65 per cent to Rs 16,160 per quintal with an open interest of 9,039 lots.

The October contract was trading higher by Rs 100 or 0.63 per cent to Rs 15,865 per quintal in 9,315 lots.

Analysts attributed the rise in jeera futures prices to pick up in demand in the spot market against restricted supplies from growing belts.