Jeera rises on spot, exports demand; up 1.39%

Supported by firming spot market and export demand, jeera futures today traded Rs 197, or 1.39 per cent higher, to Rs 14,349 per quintal.

At the National Commodity and Derivatives Exchange (NCDEX) counter, jeera contract for November traded Rs 197, or 1.39 per cent higher, to Rs 14,349 per quintal, with an open interest of 6,075 lots.

In a similar fashion, the September contract moved up by Rs 116, or 0.84 per cent, to Rs 13,958 per quintal, with an open interest of 10,110 lots.

It ended up 0.37 per cent higher at Rs 13,842 per quintal in the previous session.

 

Analysts said firming trend at spot markets and pick up in exports demand, mainly led to a rise in jeera futures but an expected rise in acreage in the top producing state of Gujarat, limited gains.