Jeera up 0.7% on spot demand

Spice for delivery in September traded higher by 0.62%

Jeera prices rose 0.67% to Rs 11,250 per quintal in futures trade today as participants created speculative positions amid a firm trend at spot market on pick-up in demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in August moved up by Rs 75, or 0.67%, to Rs 11,250 per quintal with an open interest of 2,553 lots.

Similarly, the spice for delivery in September traded higher by Rs 70, or 0.62%, to Rs 11,395 per quintal in 6,291 lots.

Analysts attributed the rise in jeera futures to fresh positions created by speculators amid pick-up in demand in the spot markets against restricted arrivals from producing regions.