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Jeera futures climb 1.80% on pick-up in demand

Press Trust of India  |  New Delhi 

Jeera prices went up by 1.80 per cent to Rs 15,300 per in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.

Besides, tight stock positions following restricted arrivals from the growing regions fuelled the uptrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in the current month rose Rs 270, or 1.80 per cent, to Rs 15,300 per with an open interest of 306 lots.

Likewise, he contract for May was trading higher by Rs 220, or 1.41 per cent, at Rs 15,860 per as the open interest of contract stood at 5,208 lots.

Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 13:45 IST