Uptick in spot demand lifts jeera futures by 1.22%

Jeera prices rose by 1.22 per cent to Rs 19,860 per quintal in futures market today on account of increased buying by retailers and stockists at the spot market.
Furthermore, fall in supplies from producing belts and some export enquiries too supported the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in August rose by Rs 240, or 1.22 per cent, to Rs 19,860 per quintal, with an open interest of 13,605 lots.
Likewise, the spice for delivery in September traded higher by Rs 185, or 0.94 per cent, to Rs 19,940 per quintal in 3,354 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.