Jeera futures remain up on rising demand, gain 0.53 pc

Jeera prices rose further by 0.53 per cent to Rs 18,030 per quintal in futures trade today as participants engaged in widening their bets amid rising domestic and exports demand in the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in January advanced by Rs 95, or 0.53 per cent, to Rs 18,030 per quintal with an open interest of 2,694 lots.
On similar lines, the spice for delivery in December gained Rs 90, or 0.49 per cent, to Rs 18,280 per quintal in 7,881 lots.
Analysts said widening of positions by traders, driven by rising domestic as well as exports demand against tight stocks position on restricted supplies from producing regions, mainly kept jeera prices higher at futures trade.