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Jeera futures rise as demand picks up

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Press Trust of India New Delhi

Jeera prices rose by Rs 51 to Rs 16,975 a quintal in futures trading today as speculators enlarged their positions on pick-up in spot demand.

Estimates of lower output also influenced the trading sentiment.

At the National Commodity and Derivatives Exchange, jeera for delivery in June rose by Rs 51, or 0.30%, to Rs 16,975 per quintal, with an open interest of 4,479 lots.

April jeera gained Rs 25, or 0.15%, to Rs 16,210, with a business turnover of 13,587 lots.

Market analysts said rising demand in the spot market and estimates of low output mainly led to rise in jeera futures prices.

 

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First Published: Apr 06 2011 | 3:03 PM IST

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