Jeera futures rebound by 0.89% on spot demand

Image
Press Trust of India New Delhi
Last Updated : Apr 13 2016 | 12:22 PM IST
Jeera prices rebounded by 0.89 per cent to Rs 15,815 per quintal in futures trade today as traders created fresh positions, triggered by a firm trend at spot market on uptick in demand.
Expectations of fall in production also supported the upside.
At the National Commodity and Derivatives Exchange, jeera for delivery in April was trading higher by Rs 140, or 0.89 per cent, to Rs 15,815 per quintal, with an open interest of 507 lots.
Similarly, the spice for delivery in far-month May gained Rs 130, or 0.82 per cent, to Rs 15,940 per quintal in 15,114 lots.
Analysts said fresh positions built up by participants due to pick up in domestic and exports demand in the spot market against restricted supplies from producing regions 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: Apr 13 2016 | 12:22 PM IST

Next Story