 "Jeera up 1% on tight supply")
Jeera prices were up 1.07 per cent to Rs 16,105 per quintal in futures trade today after speculators widened positions, triggered by restricted supplies from growing regions.
Firm demand at the spot market also influenced jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in July shot up by Rs 170, or 1.07 per cent to Rs 16,105 per quintal with an open interest of 16,869 lots.
Market analysts attributed the rise in jeera futures prices to tight supplies from producing belts amid firm demand at the spot market.
Firm demand at the spot market also influenced jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in July shot up by Rs 170, or 1.07 per cent to Rs 16,105 per quintal with an open interest of 16,869 lots.
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Also, the spice for delivery in August contracts gained Rs 150, or 0.93 per cent to Rs 16,290 per quintal in 13,416 lots.
Market analysts attributed the rise in jeera futures prices to tight supplies from producing belts amid firm demand at the spot market.