Jeera up 0.9% on rising export demand

Jeera prices rose by Rs 127.50 to Rs 13,737.50 per quintal in futures trade today as speculators enlarged their positions following upsurge in export demand in the spot market.

At the National Commodity and Derivatives Exchange, jeera for delivery in October rose by Rs 127.50, or 0.94% to Rs 13,737.50 per quintal with an open interest of 4,671 lots.

Similarly, jeera for delivery in September moved up by Rs 122.50, or 0.91% to Rs 13,615 per quintal in 10,224 lots.

Analysts said speculators enlarged their positions, driven by rising export demand in spot market against less arrivals, mainly pushed up jeera prices at futures trade.