You are here: Home » PTI Stories » National » News
Business Standard

Jeera futures rise Rs 100 per quintal on uptick in demand

Business Finance

Press Trust of India  |  New Delhi 

Jeera prices went up by Rs 100 to Rs 16,835 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.

Furthermore, tight stock positions following restricted arrivals from the growing regions, fuelled the uptrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in the April rose by Rs 100, or 0.59 per cent, to Rs 16,835 per quintal, with an open interest of 1,680 lots.

Likewise, the contract for March was trading higher by Rs 95, or 0.57 per cent, at Rs 16,655 per quintal with an open interest of contracts of 9,750 lots.

Traders said speculative positions built up by participants amid rising domestic as well as export demand, mainly 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.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, January 22 2018. 13:40 IST