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Jeera up on firm demand

a firming trend at the spot markets on the back of a rise in domestic as well as export demand mainly influenced jeera prices

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Press Trust of India New Delhi

Supported by strong export demand against declining arrivals in spot markets, jeera futures prices traded higher by Rs 60 to Rs 13,900 per quintal today.

At the National Commodity and Derivatives Exchange, the July contract rose by Rs 60, or 0.43%, to Rs 13,900 per quintal, with an open interest of 4,392 lots.

The May contract traded higher by Rs 40, or 0.30%, to Rs 13,180 per quintal in 10,008 lots.

Analysts said a firming trend at the spot markets on the back of a rise in domestic as well as export demand mainly influenced jeera prices at futures trading here.

 

Besides, declining arrivals in the spot markets also supported the upside, they said.

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First Published: May 04 2012 | 1:21 PM IST

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