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Amid rising domestic demand and tight supplies from producing belts, jeera futures traded higher by Rs 2.04 per cent to Rs 18,220 per quintal today as speculators enlarged positions.
In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in July month rose by Rs 365, or 2.04 per cent to Rs 18,220 per quintal with an open interest of 18,900 lots.
Similarly, the spice for delivery in June contracts moved up by Rs 330, or 1.88 per cent to Rs 17,855 per quintal in 16,167 lots.
Analysts attributed gains in jeera prices at futuers trade to rising demand in the spot markets coupled with rsetricted supplies from producing belts.
