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Last Updated : Dec 07, 2018 04:01 PM IST | Source: PTI

Jeera futures up 1% on rise in demand

At NCDEX, 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.

Jeera prices rose 1.21 percent to Rs 18,895 per quintal in futures trade on December 7 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.

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Likewise, the contract for February was trading higher by Rs 75, or 0.42 per cent, at Rs 17,730 per quintal 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.

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First Published on Dec 7, 2018 03:28 pm
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