Jeera futures trade 0.67% higher on spot demand

NEW DELHI: Jeera prices rose 0.67 per cent to Rs 11,250 per quintal in futures trade today as participants created speculative positions amid a firm trend at spot market on pick-up in demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in August moved up by Rs 75, or 0.67 per cent, to Rs 11,250 per quintal with an open interest of 2,553 lots.

Similarly, the spice for delivery in September traded higher by Rs 70, or 0.62 per cent, to Rs 11,395 per quintal in 6,291 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.