Jeera futures edged 2.50% higher on pick-up in demand

By
Daily Excelsior
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NEW DELHI, July 23: Jeera prices rose by 2.50 per cent to Rs 19,300 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 uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in August contract rose by Rs 470, or 2.50 per cent, to Rs 19,300 per quintal with an open interest of 5,796 lots.
Likewise, the contract for September delivery rose by Rs 460, or 2.42 per cent, to Rs 19,450 per quintal as the open interest of contract stood at 1,263 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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