Jeera futures remain higher as demand picks up

NEW DELHI: Jeera prices today rose by Rs 165 to Rs 14,677.50 per quintal in futures trade today as speculators enlarged their positions, tracking a firming trend at spot market on pick up in demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in September rose by Rs 165, or 1.14 per cent, to Rs 14,677.50 per quintal, with an open interest of 3,249 lots.

Similarly, the spice for delivery in July moved up by Rs 45, or 0.33 per cent, to Rs 13,825 per quintal in 12,720 lots.

Analysts said increased buying by speculators, supported by pick-up in spot demand mainly helped jeera prices to remain up at futures trade.