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Jeera futures up 1.11% on rising demand

Press Trust of India  |  New Delhi 

Jeera prices rose by 1.11 per cent to Rs 16,365 per in futures trade today as stockists and retailers built up positions, triggered by a firm trend at the physical markets on domestic and export demand.

Besides, 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 current month contract rose by Rs 180, or 1.11 per cent, to trade at Rs 16,365 per quintal, with an open interest of 231 lots.

Likewise, the contracts for delivery in July was trading higher by Rs 105, or 0.64 per cent, to Rs 16,480 per with an open interest of contract stood at 5,520 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: Wed, June 13 2018. 12:45 IST