Jeera rise on spot demand

Tight supply influenced prices

Supported by rising spot demand, jeera prices rose by Rs 55 to Rs 13,227.50 per quintal in futures trading today as speculators created fresh positions.

In addition, tight supplies in the physical market, following less arrivals from producing regions also influenced jeera prices.

At the National Commodity and Derivatives Exchange, jeera for delivery in July rose by Rs 55, or 0.42%, to Rs 13,227.50 per quintal, with an open interest of 16,029 lots.

Similarly, the spice for delivery in the June edged higher by Rs 20, or 0.15%, to Rs 12,962.50 per quintal, with an open interest of 678 lots.

Analysts said fresh buying by speculators following a pick-up in spot market demand against limited arrivals led to a rise in jeera futures prices.