Jeera futures up 0.74 pc on rising domestic demand

Jeera prices increased by Rs 140, or 0.74 per cent, to close at Rs 19,000 per quintal in futures trade today as participants raised bets, tracking a firm trend at spot market on 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 December rose Rs 140, or 0.74 per cent, to close at Rs 19,000 per quintal with an open interest of 9,330 lots.
On similar lines, the contract for current month was trading higher at Rs 18,675, up by 0.62 per cent, or Rs 115 per quintal with an open interest at 4,602 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.