Uptick in spot demand lifts jeera futures by 1.45%

Jeera prices rose by 1.45 per cent to close at Rs 19,565 per quintal in futures market today following increased buying by retailers and stockists at the spot market.
Furthermore, fall in supplies from producing belts and some export enquiries supported the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in September rose by Rs 280, or 1.45 per cent, to Rs 19,565 per quintal, with an open interest of 4,608 lots.
Likewise, the spice for delivery in August traded higher by Rs 245, or 1.28 per cent, to end at Rs 19,425 per quintal in 12,891 lots.

Traders said speculative positions built up by participants amid pick-up in domestic as well as export demand mainly led to the rise in jeera prices in futures trade.