Jeera futures up as demand picks-up

Jeera prices rose by Rs 187 to Rs 15,801 per quintal in futures trading today as speculators enlarged their positions, supported by a rise in demand at the spot market.

At the National Commodity and Derivatives Exchange, Jeera for delivery in June rose by Rs 187, or 1.20% to Rs 15,801 per quintal, with an open interest of 11,988 lots. 

Similarly, the spice for delivery in April moved up by Rs 124, or 0.85% to Rs 14,640 per quintal, with a business turnover of 2,226 lots.

Analysts said pick-up in spot market demand mainly pushed up jeera futures prices.