Business Standard

Jeera futures up 1.43 pc on rise in demand

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Press Trust of India New Delhi

Jeera prices rose 1.43 per cent in futures trade Thursday as participants created fresh positions, taking positive cues from spot market.

Besides, tight stock positions on restricted arrivals from the growing regions fuelled the uptrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in June rose by Rs 240, or 1.43 per cent, to Rs 17,030 per quintal with an open interest of 987 lots.

Similarly, jeera for delivery in May went up by Rs 200, or 1.2 per cent, to Rs 16,850 per quintal with a business turnover of 6,996 lots.

Marketmen said besides pick-up in demand in the spot market, less arrivals from producing belts mainly led to a rise in jeera futures.

 

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First Published: Apr 18 2019 | 12:40 PM IST

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