Jeera rises due to spot demand

Posted by: Religare
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Yesterday, the prices of jeera for the June contract rose by Rs 77, or 0.52% to Rs 14,990 per quintal, with an open interest of 22,389 lots at the National Commodity and Derivatives Exchange (NCDEX) since fresh holdings were created by the traders tracking the rise in the spot market demand

The spice for the May contract gained Rs 30, or 0.21% to Rs 14,270 per quintal, with a business volume of 6,954 lots at the NCDEX.

Moreover, the fresh buying activity by the traders due to the rise in the spot market demand also supported the prices.

Read more about: jeera, ncdex, commodities
Story first published: Tuesday, May 17, 2011, 13:30 [IST]
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