Uptick in spot demand lifts jeera futures by 1.27%

Jeera prices rose by 1.27 per cent to close at Rs 18,730 per quintal in futures market today after participants widened positions backed by rising domestic as well as exports demand at the spot market.
Besides, lower supplies from the producing belts too supported the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in August rose by Rs 235, or 1.27 per cent, to close at Rs 18,730 per quintal, with an open interest of 12,843 lots.
Likewise, the spice for delivery this month traded higher by Rs 195, or 1.05 per cent, to end at Rs 18,745 per quintal in 3,249 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.