Jeera remains up on pick up in demand

Jeera prices rose further by adding Rs 30 to Rs 12,955 per quintal in futures trade today as speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand.

However, rising supplies from the new season crop limited the gains.

At the National Commodity and Derivatives Exchange, April jeera added Rs 30, or 0.23% to Rs 12,955 per quintal with an open interest of 10,494 lots.

The March delivery edged up by Rs 25, or 0.19% to Rs 12,910 per quintal in 7410 lots.

Analysts said speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand, that mainly led to rise in jeera futures prices.