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Jeera futures rise by 0.70% on spot demand

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Press Trust of India New Delhi

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Jeera prices rose by 0.70 per cent to Rs 17,290 per quintal 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 mainly led to the upmove.

At the National Commodity and Derivatives Exchange, jeera for delivery in far-month August climbed by Rs 120, or 0.70 per cent, to Rs 17,290 per quintal, with an open interest of 735 lots.

Likewise for July, prices increased by Rs 100, or 0.58 per cent, to Rs 17,100 per quintal, as the open interest of contract stood at 5,673 lots.

 

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

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jun 22 2018 | 2:05 PM IST

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