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Jeera futures rise 0.30 pc as demand picks up

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Press Trust of India New Delhi
Jeera prices rose by 0.30 per cent to Rs 9,940 per quintal in futures trade today as speculators created fresh positions after pick up in demand in spot market.

Howevever, expectations of higher output this year capped the rise.

At the National Commodity and Derivatives Exchange, jeera for delivery in March rose by Rs 30, or 0.30 per cent to Rs 9,940 per quintal with an open interest of 345 lots.

Similarly, the spice for delivery in April traded higher by the same margin to Rs 10015 per quintal in 9864 lots.

Analysts attributed the rise in jeera futures to pick up in demand in the spot market but expectations of higher output limited the gains.

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First Published: Mar 19 2014 | 3:52 PM IST

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