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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.

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

First Published: Wed, June 14 2017. 12:22 IST