Jeera futures rise on high domestic demand

Jeera prices increased by Rs 265, or 1.36 per cent, to close at Rs 19,800 per quintal in futures trade today as participants raised bets, tracking a firm trend at spot market due to rising domestic demand.
Further, tight stocks position following restricted arrivals from the growing regions, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in January rose Rs 265, or 1.36 per cent, to close at Rs 19,800 per quintal with an open interest of 1,455 lots.
On similar lines, the contract for December was trading higher at Rs 20,380, up by 0.77 per cent, or Rs 155 per quintal with an open interest at 14,025 lots.

Analysts said, the rise in jeera prices at futures trade was supported by increased buying by retailers and stockists at the spot market amid restricted supplies from producing regions.