Jeera futures rise 0.54 per cent on spot demand

NEW DELHI: Jeera prices rose 0.54 per cent to Rs 11,210 per quintal in futures trade today as participants created speculative positions amid pick up in demand in the spot market.

At the National Commodity and Derivatives Exchange, jeera for delivery in September moved up by Rs 60, or 0.54 per cent to Rs 11,210 per quintal with an open interest of 7,272 lots.

Similarly, the spice for delivery in October traded higher by Rs 45, or 0.40 per cent to Rs 11,310 per quintal in 2,904 lots.

Analysts attributed the rise in jeera futures to fresh positions created by speculators amid pick-up in demand in the spot markets against restricted arrivals from producing regions.