Business Standard

Jeera futures higher 0.82% on pick-up in demand

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Press Trust of India New Delhi
Jeera prices rose by 0.82 per cent to Rs 15,800 per quintal 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 May contract rose by Rs 130, or 0.82 per cent, to Rs 15,800 per quintal, with an open interest of 5,445 lots.
Likewise, contract for June delivery was increased by Rs 110, or 0.70 per cent, to Rs 15,780 per quintal, as the open interest of contract stood at 3,678 lots.
Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.

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First Published: Apr 30 2018 | 11:45 AM IST

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