Jeera futures up on spot demand
Jeera prices moved up by 1.13% to Rs 14,911 per quintal in futures trade today as speculators enlarged positions, supported by a firm spot market demand. However, arrival pressure limited the gains.
At the National Commodity and Derivatives Exchange, jeera for delivery in May rose by Rs 167, or 1.13% to Rs 14,911 per quintal, with an open interest of 18,309 lots.
Similarly, the spice for delivery in June gained Rs 165, or 1.08% to Rs 15,424 per quintal, with a business turnover of 17,145 lots.
Market Analysts said pick-up in demand at the spot markets mainly pushed up jeera futures prices but supply pressure capped the gains.