 "Jeera rises 0.5% on export demand")
Jeera prices rose by Rs 80 to Rs 13,600 per quintal in futures market today as speculators enlarged their positions, driven by exports demand.
However, higher supplies in the spot market and rains in the leading cultivating states restricted the upside.
At the National Commodity and Derivatives Exchange, jeera for delivery in July rose by Rs 80, or 0.59% to Rs 13,600 per quintal with an open interest of 366 lots.
Market analysts said the rise in jeera prices at futures trade was attributed to exports demand but higher supplies in the spot market and reports of rains in the leading cultivating states, limited the upside.
However, higher supplies in the spot market and rains in the leading cultivating states restricted the upside.
At the National Commodity and Derivatives Exchange, jeera for delivery in July rose by Rs 80, or 0.59% to Rs 13,600 per quintal with an open interest of 366 lots.
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Similarly, jeera for delivery in August edged up by Rs 25, or 0.18% to Rs 13,775 per quintal in 16,656 lots.
Market analysts said the rise in jeera prices at futures trade was attributed to exports demand but higher supplies in the spot market and reports of rains in the leading cultivating states, limited the upside.
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