Business Standard

Jeera futures rises 0.87% on fresh buying

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Press Trust of India New Delhi
Jeera prices rose by 0.87 per cent to Rs 16,080 per quintal in futures trade today as market participants indulged in fresh buying amid lower arrivals from growing regions.
Besides, anticipation of improvement in export and domestic demand also lifted jeera prices in future market.
At the National Commodity and Derivatives Exchange, jeera for delivery in May rose by Rs 140, or 0.87 per cent, to Rs 16,080 per quintal, with an open interest of 5,490 lots.
The far-month June contract increased by Rs 90, or 0.56 per cent, to Rs 15,980 per quintal, as the open interest of contract stood at 3,513 lots.
Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.

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First Published: Apr 27 2018 | 12:00 PM IST

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