Jeera futures up on spot demand

Jeera futures prices rose by Rs 103 to Rs 13,871 per quintal today, as traders created fresh positions, driven by pick-up in spot market demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in December rose by Rs 103, or 0.75%, to Rs 13,871 per quintal, with an open interest of 13,068 lots.

Similarly, the spice for delivery in January gained Rs 101, or 0.72%, to Rs 14,160 per quintal, with a trading volume of 14,109 lots.

Analysts said fresh buying by traders due to pick-up in spot market demand mainly helped jeera prices to trade higher at futures market.