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Uptick in spot demand lifts jeera futures by 1.16 pc

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Press Trust of India New Delhi
Last Updated : Jun 30 2017 | 12:42 PM IST
Jeera prices rose by Rs 220 to Rs 19,235 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 August rose by Rs 220, or 1.16 per cent, to Rs 19,235 per quintal, with an open interest of 6,735 lots.
Likewise, the spice for delivery in July traded higher by Rs 200, or 1.06 per cent, to Rs 19,055 per quintal in 8,694 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.

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First Published: Jun 30 2017 | 12:42 PM IST

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