Jeera futures up 0.74% on pick-up in demand

NEW DELHI, June 11: Jeera prices rose by 0.74 per cent to Rs 16,125 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.
Besides, tight stock positions following restricted arrivals from the growing regions fuelled the up trend.
At the National Commodity and Derivatives Exchange, jeera for delivery this month rose by Rs 120, or 0.74 per cent, to Rs 16,125 per quintal, with an open interest of 2,403 lots.
Likewise, contract for July was increased by Rs 105, or 0.64 per cent, to Rs 16,315 per quintal, as the open interest of contract stood at 4,521 lots.
Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices. (PTI)


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