Jeera rises 1.4% on spot demand

Restricted arrivals influence prices

Jeera prices rose by 1.40% to Rs 14,077.50 per quintal in futures market today as traders enlarged positions, tracking a firm trend in the spot markets on rising demand against tight supplies from producing belts.

At the National Commodity and Derivatives Exchange, jeera for delivery in November rose by Rs 195, or 1.40%, to Rs 14,077.50 per quintal, with an open interest of 19,518 lots.

October jeera gained Rs 182.50, or 1.34%, to 13,812.50 per quintal, with an open interest of 4,497 lots.

Marketmen said increased buying by traders on the back of rising demand in the spot market against restricted arrivals from producing belts pushed up jeera futures.