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Jeera prices moved up by 1.13 per cent to Rs 14,911 per quintal at the futures trade today as speculators enlarged positions, supported by a firm spot market demand. However, arrival pressure limited the gains.
At the National Commodity and Derivatives Exchange, jeera for delivery in May rose Rs 167 or 1.13 per cent to Rs 14,911 per quintal with an open interest of 18,309 lots. Similarly, June contract gained Rs 165 or 1.08 per cent to Rs 15,424 per quintal with a business turnover of 17,145 lots.
Market analysts said pick-up in demand at the spot market mainly pushed up jeera futures prices but supply pressure capped the gains.
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