Jeera up 0.4% on export demand

Jeera prices rose by 0.40% to Rs 12592.50 per quintal in futures trading today as speculators indulged in creating fresh positions driven by expots demand in the spot market.

At the National Commodity and Derivatives Exchange, jeera for delivery in March rose by Rs 50, or 0.40%, to Rs 12,592.50 per quintal with an open interest of 6,822 lots.

In a similar fashion, the spice for delivery in April traded higher by the same margin to Rs 12,670 per quintal in 2,271 lots.

Analysts said fresh positions created by speculators driven by exports demand in the spot market mainly led to rise in jeera prices at futures trade.