Jeera prices rose by 1.32% to Rs 10,725 per quintal in futures trade today, taking positive cues from the spot markets.
At the National Commodity and Derivatives Exchange, jeera for delivery in June rose by Rs 140, or 1.32%, to Rs 10,725 per quintal with an open interest of 4,938 lots.
Similarly, the spice for delivery in May gained Rs 135, or 1.29%, to Rs 10,590 per quintal in 6618 lots.
Analysts attributed the rise in jeera futures to fresh positions created by speculators, triggered by rising demand in the spot markets.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.