Jeera prices increased by Rs 315 to Rs 19,915 per quintal in futures trade today as participants raised bets, tracking a firm trend at spot market due to rising domestic as well as exports 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 August rose by Rs 315, or 1.60 per cent, to Rs 19,915 per quintal with an open interest of 6,588 lots.
On similar lines, the contract for September was trading higher at Rs 20,100, up by 1.56 per cent, or Rs 310 higher per quintal with an open interest at 2,529 lots.
Analysts said the rise in jeera prices at futures trade was supported by increased buying by retailers and stockists at the spot markets amid restricted supplies from the producing regions.
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