Jeera gains 0.7% on spot demand
However, expectations of higher output cap the gains
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Jeera prices gained 0.70 per cent to Rs 10,005 per quintal in futures trade today after speculators enlarged positions supported by rising spot demand.
However, expectations of higher output capped the gains.
At the National Commodity and Derivatives Exchange, jeera for delivery in April gained Rs 70, or 70 per cent, to Rs 10,005 per quintal with an open interest of 7,242 lots.
May jeera moved up by Rs 60, or 0.60 per cent, to Rs 10,110 per quintal in 6,459 lots.
Analysts attributed the rise in jeera futures to pick-up in demand in the spot market but expectations of higher output limited the gains.
However, expectations of higher output capped the gains.
At the National Commodity and Derivatives Exchange, jeera for delivery in April gained Rs 70, or 70 per cent, to Rs 10,005 per quintal with an open interest of 7,242 lots.
May jeera moved up by Rs 60, or 0.60 per cent, to Rs 10,110 per quintal in 6,459 lots.
Analysts attributed the rise in jeera futures to pick-up in demand in the spot market but expectations of higher output limited the gains.
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First Published: Apr 03 2014 | 1:03 PM IST