Jeera futures up 0.5% on spot demand

Jeera prices up by 0.49% to Rs 13350 per quintal in futures trading today as speculators built-up fresh positions, supported by a rise in demand in the spot market.

 

At the National Commodity and Derivatives Exchange, jeera for delivery in September month rose by Rs 65, or 0.49% to Rs 13350 per quintal with an open interest of 10197 lots.

 

Similarly, the spice for delivery in August contract traded higher by Rs 47.50, or 0.36% to Rs 13,160 per quintal in 6453 lots.

 

Market analysts said speculators created fresh positions on the back of a rise in demand in the spot market, mainly led to rise in jeera prices at futures trade.