Jeera prices rose by Rs 107.50 to Rs 14,750 per quintal in futures trade today as speculators created fresh positions, tracking a firm trend at spot market on pick up in demand in view of festive season.
However, higher supplies in the spot market, capped the gains.
At the National Commodity and Derivatives Exchange, the December contract for jeera rose by Rs 107.50, or 0.73 per cent, to Rs 14,750 per quintal, with an open interest of 16,101 lots.
Similarly, the spice for delivery in November moved up by Rs 100, or 0.71 per cent, to Rs 14,175 per quintal in 7,956 lots.
Market analysts said fresh positions created by speculators on the back of a rise in demand in the spot market due to festive season mainly pushed up jeera prices at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app