Uptick in demand lifts jeera futures by 0.71%

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Press Trust of India New Delhi
Last Updated : May 06 2016 | 11:42 AM IST
Jeera prices were up by 0.71 per cent to Rs 17,050 per quintal in futures trading today as participants built up fresh positions after pick up in demand in the spot market.
Besides, expectations of lower output fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in May rose by Rs 120, or 0.71 per cent to Rs 17,050 per quintal with an open interest of 5427 lots.
Likewise, the spice for delivery in far-month June gained Rs 95, or 0.56 per cent to Rs 17,185 per quintal in 17,694 lots.
Analysts said fresh positions created by traders due to pick up in demand in the spot market against restricted supplies from producing belts mainly led to the rise in jeera prices at futures trade.

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First Published: May 06 2016 | 11:42 AM IST

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