You are here: Home » PTI Stories » National » News
Business Standard

Uptick in spot demand lifts jeera futures by 1.01%

Press Trust of India  |  New Delhi 

Jeera prices rose by Rs 185 to Rs 18,455 per quintal in futures market today after participants widened their positions backed by rising demand.

Restricted supplies in the domestic spot market and some export enquiries too supported the uptrend.



At the National Commodity and Derivatives Exchange, jeera for delivery in July rose by Rs 185, or 1.01 per cent, to Rs 18,455 per quintal, with an open interest of 12,999 lots.

Likewise, the spice for delivery this month traded higher by Rs 150, or 0.82 per cent, to Rs 18,400 per quintal in 249 lots.

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

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Uptick in spot demand lifts jeera futures by 1.01%

Jeera prices rose by Rs 185 to Rs 18,455 per quintal in futures market today after participants widened their positions backed by rising demand. Restricted supplies in the domestic spot market and some export enquiries too supported the uptrend. At the National Commodity and Derivatives Exchange, jeera for delivery in July rose by Rs 185, or 1.01 per cent, to Rs 18,455 per quintal, with an open interest of 12,999 lots. Likewise, the spice for delivery this month traded higher by Rs 150, or 0.82 per cent, to Rs 18,400 per quintal in 249 lots. Traders said speculative positions built up by participants amid pick up in domestic as well as export demand mainly led to the rise in jeera prices in futures trade. Jeera prices rose by Rs 185 to Rs 18,455 per quintal in futures market today after participants widened their positions backed by rising demand.

Restricted supplies in the domestic spot market and some export enquiries too supported the uptrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in July rose by Rs 185, or 1.01 per cent, to Rs 18,455 per quintal, with an open interest of 12,999 lots.

Likewise, the spice for delivery this month traded higher by Rs 150, or 0.82 per cent, to Rs 18,400 per quintal in 249 lots.

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

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Uptick in spot demand lifts jeera futures by 1.01%

Jeera prices rose by Rs 185 to Rs 18,455 per quintal in futures market today after participants widened their positions backed by rising demand.

Restricted supplies in the domestic spot market and some export enquiries too supported the uptrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in July rose by Rs 185, or 1.01 per cent, to Rs 18,455 per quintal, with an open interest of 12,999 lots.

Likewise, the spice for delivery this month traded higher by Rs 150, or 0.82 per cent, to Rs 18,400 per quintal in 249 lots.

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

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22