Jeera futures rise on uptick in demand

Jeera prices rose Rs 105 to Rs 16,000 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.
Furthermore, tight stock positions following restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in the March rose Rs 105, or 0.66 per cent, to Rs 16,000 per quintal with an open interest of 10,548 lots.
Likewise, the contract for April was trading higher by Rs 70, or 0.43 per cent, at Rs 16,235 per quintal with an open interest of contract of 2,031 lots.

Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.