Jeera marginally up in futures trade on spot demand

NEW DELHI: Jeera prices rose by 0.25 per cent to Rs 10,090 per quintal in futures trading today as participants built-up positions supported by a rise in demand in the spot market.

However, expectations of higher output restricted the gains.

At the National Commodity and Derivatives Exchange, jeera for delivery in April rose by Rs 25, or 0.25 per cent to Rs 10,090 per quintal with an open interest of 8,184 lots.

Similarly, the spice for delivery in May edged up by Rs 20, or 0.20 per cent to Rs 10,180 per quintal in 5,613 lots.

Analysts said fresh positions created by speculators supported by a rise in demand in the spot market mainly led to rise in jeera prices at futures trade.