Jeera futures gain 0.69% on tight supply

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SummaryJeera prices rose by 0.69 per cent to Rs 15,275 per quintal in futures trade.

Jeera prices rose by 0.69 per cent to Rs 15,275 per quintal in futures trade today as speculators enlarged positions, driven by a firm spot markets trend on pick up in demand against tight supplies.

At the National Commodity and Derivatives Exchange, jeera for delivery in December rose by Rs 105, or 0.69 per cent, to Rs 15,275 per quintal, with an open interest of 17,949 lots.

Similarly, the spice for delivery in March gained Rs 87.50, or 0.55 per cent, to Rs 15,925 per quintal, with an open interest of 3,450 lots.

Marketmen said increased buying by speculators on the back of a rise in demand in the spot market against restricted arrivals from producing belts mainly influenced jeera futures.

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