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Jeera futures recover 1.64 pc on rise in demand

Press Trust of India  |  New Delhi 

Jeera prices recovered by 1.64 per cent to Rs 19,805 per in futures trade Friday as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.

Tight stocks position following restricted arrivals from the growing regions fuelled the uptrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in November rose by Rs 320, or 1.64 per cent, to Rs 19,805 per with an open interest of 5,952 lots.

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

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

First Published: Fri, October 12 2018. 11:25 IST