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Tight stocks lift jeera futures by 2.05%

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Press Trust of India New Delhi
Jeera prices rebounded by 2.05 per cent to Rs 14,655 per quintal in futures trade today as speculators indulged in creating fresh positions, supported by tight stocks at spot market on fall in supplies from producing belts.

At the National Commodity and Derivatives Exchange, jeera for delivery in January month shot up by Rs 295, or 2.05 per cent to Rs 14,655 per quintal with an open interest of 8898 lots.

Similarly, the spice for delivery in March contracts traded higher by Rs 260 or 1.80 per cent to Rs 14,720 per quintal in 3,015 lots.

Analysts attributed the rise in jeera futures prices to fresh positions built up by traders, triggered by a fall in supplies from producing regions in the physical market.

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First Published: Dec 22 2015 | 5:57 PM IST

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