Business Standard

Jeera futures gain 0.96 pc on rising demand

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Press Trust of India New Delhi
Jeera prices rose further by 0.96 per cent to Rs 18,150 per quintal in futures trade today as participants widened their bets amid rising domestic and export demand.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month August advanced by Rs 175, or 0.96 per cent, to Rs 18,325 per quintal with an open interest of 2,577 lots.
On similar lines, the spice for delivery in July gained Rs 165, or 0.91 per cent, to Rs 18,175 per quintal in 4,647 lots.
Analysts said widening of positions by traders, driven by rising domestic as well as export demand against tight stocks on restricted supplies from producing regions, mainly kept jeera prices higher at futures trade.

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First Published: Jun 29 2018 | 12:05 PM IST

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