Jeera futures up 1.31 pc on spot demand

NEW DELHI: Jeera prices moved up by Rs 155 to Rs 11,955 per quintal in futures trading today as speculators enlarged their positions after pick-up in demand at spot markets.

At the National Commodity and Derivatives Exchange, jeera for delivery in May month rose by Rs 155, or 1.31 per cent, to Rs 11,955 per quintal with an open interest of 15,849 lots.

In a similar fashion, the spice for delivery in April contract moved up by Rs 105, or 0.92 per cent to Rs 11,470 per quintal in 5379 lots.

Analysts said fresh buying by speculators driven by pick up in demand in the spot market mainly pushed up jeera prices at futures market here.