Jeera futures climb 0.94 pc following upsurge in demand

Jeera prices rose by 0.94 per cent to close at Rs 19,330 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.
Furthermore, tight stocks position following restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in the current month rose by Rs 180, or 0.94 per cent, to close at Rs 19,330 per quintal with an open interest of 2,460 lots.
Likewise, the contract for November delivery was traded higher by Rs 50, or 0.26 per cent to finish at Rs 19,050 per quintal, while the open interest of contract stood at 10,416 lots.

Traders said speculative positions built up by participants amid rising domestic as well as export demand, mainly led to the rise in jeera prices at futures trade.