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Jeera futures rise 1 pc on fresh buying

Press Trust of India  |  New Delhi 

Jeera prices rose by 1 per cent to Rs 16,240 per in futures trade today as participants expanded their holdings amid lower arrivals from producing regions.

Anticipation of improvement in export and domestic demand also lifted jeera prices in futures market.

At the National Commodity and Derivatives Exchange, jeera for delivery in June rose by Rs 160, or 1 per cent, to Rs 16,240 per quintal, with an open interest of 5,454 lots.

The spice for current month contract increased by Rs 125 or 0.76 per cent, to Rs 15,425 per and the open interest of contract stood at 1,233 lots.

Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 12:45 IST
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