Jeera futures rise 0.76% on high demand

Jeera prices rose 0.76 per cent to close at Rs 19,910 per quintal in futures trading today as participants raised bets, tracking a firm trend at spot market on rising domestic as well as exports demand.
Further, tight stocks position following lower supply from the producing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in October rose Rs 150, or 0.76 per cent, to close at Rs 19,910 per quintal, with an open interest of 3,966 lots.
On similar lines, the contract for September was trading at Rs 19,770, up by 0.56 per cent, or Rs 110 per quintal, the open interest of the contract stood at 16,323 lots.

Analysts said increasing of positions by traders on the back of pick up in demand in the spot market amid restricted supplies from producing regions, mainly led to the rise in jeera prices at futures trade.