Jeera futures rise 1.95% on firm demand

Amid uptick in domestic as well as up exports demand in the spot market and restricted supplies from producing regions, jeera prices traded higher by 1.95 per cent to Rs 15,930 per quintal in futures trading today.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month May surged by Rs 305, or 1.95 per cent to Rs 15,930 per quintal with an open interest of 5,316 lots.
Also, the spice for delivery in April contracts traded higher by Rs 290, or 1.88 per cent to Rs 15,680 per quintal in 10,179 lots.
Analysts said apart from a firm trend at spot market on pick up in demand, restricted supplies from producing belts led to an upsurge in jeera prices at futures trade.

Some exports enquiries also supported the upsurge, they said.