Jeera futures remain up on export inquiries, poor rains

NEW DELHI: Jeera futures traded 2.57 per cent higher at Rs 16,177.50 per quintal today as speculators indulged in creating positions, driven by fresh export demand and weak monsoon in the growing regions.

In addition, fall in supplies in the physical markets supported the upside.

At the National Commodity and Derivatives Exchange, jeera for delivery in September rose by Rs 405, or 2.57 per cent, to Rs 16,177.50 per quintal, with an open interest of 23,709 lots.

The spice for delivery in August traded higher by Rs 385, or 2.51 per cent, to Rs 15,735 per quintal, with an open interest of 6,426 lots.

Marketmen said fresh export along with pick up in domestic demand and deficient rainfall in key growing regions influenced jeera prices at futures trade.