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Jeera futures rise 1.14% on pick-up in demand

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Press Trust of India New Delhi
Last Updated : Apr 01 2015 | 7:02 PM IST
Jeera prices rose by Rs 170 to close at Rs 15,045 per quintal in futures trade today as speculators enlarged positions driven by rising demand in spot markets.
At the National Commodity and Derivatives Exchange, jeera for delivery in May rose by Rs 170, or 1.14 per cent to close at Rs 15,045 per quintal with an open interest of 7,863 lots. Intra-day, it touched a high of Rs 15,125.
Also, the spice for delivery in Apirl gained Rs 165, or 1.13 per cent to close at Rs 14,730 per quintal in 13,347 lots.
Analysts said rise in jeera prices at futures trade was mostly due to rising demand at spot markets but surge in supplies from the producing regions and subdued export demand capped gains to some extent.

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First Published: Apr 01 2015 | 7:02 PM IST

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