Jeera futures rise 1.89 pc on rising demand

Jeera prices rose Rs 365, or 1.89 per cent, to close at Rs 19,670 per quintal in futures trading today as participants raised bets, tracking a firm trend at spot market on rising domestic demand.
Further, tight stocks position following restricted arrivals from the growing regions too fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in the October contract rose Rs 365, or 1.89 per cent, to close at Rs 19,670 per quintal, with an open interest of 9,759 lots.
On similar lines, the contract for this month was trading higher at Rs 19,840, up by 0.66 per cent, or Rs 130 per quintal, with an open interest at 6,821 lots.

Analysts said the rise in jeera prices at futures trade was supported by increased buying by retailers and stockists at the spot market amid restricted supplies from producing regions.