Uptick in spot demand lifts jeera futures by 1.28%

Jeera prices rose by Rs 235 to close at Rs 18,570 per quintal in futures market today after participants widened their positions following 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 July rose by Rs 235, or 1.28 per cent, to finish at Rs 18,570 per quintal, with an open interest of 11,445 lots.
Likewise, the spice for delivery in August traded higher by Rs 210, or 1.14 per cent, to close at Rs 18,615 per quintal in 3,282 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.