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Jeera futures edge higher on strong demand

Press Trust of India  |  New Delhi 

Jeera prices rose by 1 per cent, to Rs 190 per quintal, in futures trade Tuesday after participants widened positions on rising demand amid firm trend overseas.

Restricted supplies in the domestic spot market and some export enquiries, too, supported the uptrend.

At the National Commodity and Derivatives Exchange, jeera delivery for December traded higher by Rs 160, or 0.85 per cent, to Rs 18,900 per with an open interest of 2811 lots.

Likewise, the contract for January next year increased by Rs 190, or 1 per cent, to Rs 19,180 per with an open interest of 2,187 lots.

Traders said speculative positions built up by participants amid pick-up in domestic spot markets mainly influenced jeera prices here.

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

First Published: Tue, December 04 2018. 15:20 IST