Jeera prices increased by Rs 515, or 2.68 per cent, to close at Rs 19,700 per quintal in futures trade today as participants raised bets, tracking a firm trend at spot market on rising domestic demand.
Further, tight stocks position following restricted arrivals from the growing regions, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in December rose Rs 515, or 2.68 per cent, to close at Rs 19,700 per quintal with an open interest of 13,605 lots.
On similar lines, the contract for current month was trading higher at Rs 19,125, up by 2.41 per cent, or Rs 450 per quintal with an open interest at 303 lots.
Analysts said the rise in jeera prices at futures trade was supported by increased buying by retailers and stockists at the spot market amid restricted supplies from producing regions.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)