Continuing its yesterday's rising trend, jeera prices rose by 0.69 per cent in futures trade today after speculators enlarged their positions on less stocks and restricted supplies in the spot market.
At the National Commodity and Derivatives Exchange, jeera for May delivery rose by Rs 115, or 0.69 per cent, to Rs 16,800 per quintal, with an open interest of 393 lots.
Similarly, the spice for delivery in February also traded Rs 52, or 0.33 per cent higher at Rs 15,750 per quintal, with an open interest of 1,959 lots.
Market analysts said concerns over unseasonal rains may hit the output, triggered by speculative buying activity helped jeera prices to rise at futures trade.
Besides, depleting stocks and thin supplies also influenced the jeera prices, they said.
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