Jeera futures climb 3.93% on tight supply

Image
Press Trust of India New Delhi
Last Updated : Jul 29 2016 | 7:22 PM IST
Jeera prices shot up by 3.93 per cent to Rs 20,090 per quintal in futures trade today as speculators raised their bets, triggered by tight stocks position on restricted supply at the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in September surged by Rs 760 or 3.93 per cent to Rs 20,090 per quintal with an open interest of 15,447 lots.
The spice for delivery in August contracts jumped up by Rs 695 or 3.66 per cent to Rs 19,685 per quintal in 10,623 lots.
Analysts said widening of positions by participants, driven by paucity of stocks on restricted supplies from producing belts, mainly led to the rise in jeera prices at futures trade.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 29 2016 | 7:22 PM IST

Next Story