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Jeera futures rise 1 pc on fresh buying

New Delhi, May 17 (PTI) Jeera prices rose by 1 per cent to Rs 16,240 per quintal in futures trade today as participants expanded their holdings amid lower arrivals from producing regions.

Anticipation of improvement in export and domestic demand also lifted jeera prices in futures market.

At the National Commodity and Derivatives Exchange, jeera for delivery in June rose by Rs 160, or 1 per cent, to Rs 16,240 per quintal, with an open interest of 5,454 lots.

The spice for current month contract increased by Rs 125 or 0.76 per cent, to Rs 15,425 per quintal and the open interest of contract stood at 1,233 lots.

Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices. PTI DPL SUN VHP ABM

ABM

Disclaimer: This story has not been edited by BW staff and is auto-generated from a syndicated feed.


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