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Jeera futures up on thin arrivals

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Press Trust of India New Delhi

Jeera prices rose by Rs 21, or 0.17 per cent, to Rs 12,200 per quintal in futures market today on pick up in demand against restricted arrivals at the spot market.

At the National Commodity and Derivative Exchange, jeera for July contract rose by Rs 21, or 0.17 per cent, to Rs 12,200 per quintal, with an open interest of 9,582 lots.

The spice for delivery in August contract also traded higher by Rs 14, or 0.11 per cent, to Rs 12,423 per quintal, with an open interest of 10,521 lots. 

Analysts attributed the rise in jeera futures prices to pick up in spot demand, against restricted arrivals from the producing regions.

 

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First Published: Jun 23 2010 | 1:21 PM IST

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