Jeera up 0.9% on rising exports

Jeera prices were up by 0.91% to Rs 18,330 per quintal in futures market today as participants raised their bets, driven by uptick in exports demand in the spot market.

At the National Commodity and Derivatives Exchange, jeera for delivery in August shot up by Rs 165 or 0.91% to Rs 18,330 per quintal with an open interest of 2,559 lots.

Also, the spice for delivery in September contracts trading higher by Rs 155 or 0.84% to Rs 18,650 per quintal in 21,348 lots.

Analysts said widening of position by participants backed by rising exports demand in the spot market, mainly led to rise in jeera prices at futures trade.