Jeera futures climb 1.26 pc on pick-up in demand

Jeera prices went up by 1.26 per cent to Rs 21,650 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.
Besides, tight stocks position following restricted arrivals from the growing regions fuelled the uptrend.
In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in January rose by Rs 270, or 1.26 per cent, to Rs 21,650 per quintal, with an open interest of 3,321 lots.
Likewise, the contract for current month was trading higher by Rs 265, or 1.24 per cent, to trade at Rs 21,660 per quintal, the open interest of contract stood at 12,381 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.