Jeera futures up on good spot demand

Jeera prices rose by Rs 280 to Rs 15,185 per quintal in futures trade today on emergence of buying by traders following pick-up in spot market demand.    

At the National Commodity and Derivatives Exchange, jeera for August delivery rose by Rs 280, or 1.88%, to Rs 15,185 per quintal, with an open interest of 4,926 lots.   

Similarly, the spice for September delivery moved up by Rs 278, or 1.78%, to Rs 15,711 per quintal, with an open interest of 20,370 lots.

Analysts said emergence of buying by traders on pick-up in demand in the spot markets supported by ongoing festive season, mainly pushed up jeera futures prices.