Jeera futures up 0.76 pc on rise in demand

Jeera prices rose by 0.76 per cent to Rs 19,280 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.
Tight stocks position following restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery this month rose by Rs 145, or 0.76 per cent higher, to Rs 19,280 per quintal, with an open interest of 303 lots.
Likewise, the contract for December was trading higher by Rs 110, or 0.55 per cent up, at Rs 19,760 per quintal, the open interest of contract stood at 13,554 lots.

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