Uptick in spot demand lifts jeera futures by 0.79 pc

Jeera prices rose by 0.79 per cent to close at Rs 18,500 per quintal in futures market today after participants widened positions backed by rising demand.
Restricted supplies in the domestic spot market and some export enquiries too supported the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in current month rose by Rs 145, or 0.79 per cent, to finish at Rs 18,500 per quintal with an open interest of 4,647 lots.
Likewise, the spice for delivery in August traded higher by Rs 130, or 0.71 per cent, to close at Rs 18,465 per quintal in 11,334 lots.

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