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Jeera futures rise 0.94% on spot demand

Press Trust of India  |  New Delhi 

Jeera prices rose by 0.94 per cent to Rs 16,090 per in futures trade today after participants widened their positions, backed by rising domestic and export demand.

Besides, tight stocks position on restricted supplies from producing regions supported the upmove.

At the National Commodity and Derivatives Exchange, jeera for delivery in the current month rose by Rs 150, or 0.94 per cent, to Rs 16,090 per quintal, with an open interest of 768 lots.

Likewise, for July prices increased by Rs 105, or 0.65 per cent, to Rs 16,260 per quintal, as the open interest of contract stood at 5,484 lots.

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

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

First Published: Tue, June 12 2018. 13:25 IST