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Jeera futures up 1 pc on rise in demand

Press Trust of India  |  New Delhi 

Jeera prices rose 1.21 per cent to Rs 18,895 per in futures trade Friday as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.

Tight stocks position following restricted arrivals from the growing regions fuelled the uptrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in January rose by Rs 225, or 1.21 per cent, to Rs 18,895 per quintal, with an open interest of 3,114 lots.

Likewise, the contract for February was trading higher by Rs 75, or 0.42 per cent, at Rs 17,730 per with an open interest of 786 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 in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 15:25 IST