Jeera prices rose by 0.91 per cent to Rs 16,025 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.
Besides, tight stock positions following restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in June contract rose by Rs 145, or 0.91 per cent, to trade at Rs 16,025 per quintal, with an open interest of 4,965 lots.
Likewise, the contract for July delivery was trading higher by Rs 130, or 0.81 per cent, to Rs 16,100 per quintal, with the open interest of contract at 1,896 lots.
Traders said, speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.
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