Jeera futures zoom on robust spot demand

Image
Press Trust of India New Delhi
Last Updated : Oct 28 2016 | 4:48 PM IST
Jeera prices shot up by Rs 315 to Rs 17,485 per quintal in futures trading today after participants enlarged their positions, tracking a firm trend at the spot markets on strong demand.
At the National Commodity and Derivative Exchange, jeera delivery for delivery in December month contracts climbed Rs 315 or 1.83 per cent to Rs 17,485 per quintal, with an open interest of 5,727 lots.
Jeera for delivery in November month contracts also flared up by Rs 300 or 1.77 per cent to Rs 17,270 per quintal, in an open interest of 7,170 lots.
Marketmen attributed rise in jeera prices to a firm trend at the phsical markets on strong demand form bulk consumers.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Oct 28 2016 | 4:48 PM IST

Next Story