Uptick in spot demand lifts jeera futures 1.29%

Jeera prices recovered by 1.29 per cent to Rs 18,100 per quintal in futures trading today after participants built up fresh positions amid pick-up in demand at the domestic spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in May went up by Rs 230, or 1.29 per cent, to Rs 18,100 per quintal with an open interest of 78 lots.
Similarly, the spice for delivery in June contract traded higher by Rs 45, or 0.25 per cent, to Rs 18,185 per quintal in 16,734 lots.
Traders said fresh positions by traders following pick-up in demand in the spot market mainly led to the rise in jeera prices in futures trade.