Uptick in spot demand lifts jeera futures by 0.55%

Jeera prices rose by Rs 105 to close at Rs 19,025 per quintal in futures market today after participants widened their positions following rising demand.
Besides, tight supplies due to rain damage in the producing regions too fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in current month rose by Rs 105, or 0.55 per cent, to finish at Rs 19,025 per quintal, with an open interest of 6,660 lots.
Likewise, the spice for delivery in September traded higher by Rs 95, or 0.50 per cent, to close at Rs 19,250 per quintal in 10,188 lots.

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