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Jeera futures rise 0.84 pc on rising domestic demand

Press Trust of India  |  New Delhi 

Jeera prices increased by Rs 160 to close at Rs 19,200 per quintal in futures trade today as participants raised bets, tracking a firm trend at spot market on rising domestic demand.

Further, tight stocks position following restricted arrivals from the growing regions too fuelled the uptrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in current month rose Rs 160, or 0.84 per cent, to close at Rs 19,200 per quintal with an open interest of 3,924 lots.

On similar lines, the contract for November was traded higher at Rs 19,015, up by 0.34 per cent or Rs 65 per quintal with an open interest at 10,302 lots.

Analysts said the rise in jeera prices at futures trade was supported by increased buying by retailers and stockists at the spot market amid restricted supplies from producing regions.

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

First Published: Wed, October 11 2017. 19:13 IST