Jeera prices went up by 1.29 per cent to Rs 14,500 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 April contract rose Rs 185, or 1.29 per cent, to Rs 14,500 per quintal, with an open interest of 8,397 lots.
Likewise, delivery for May were trading higher by Rs 160, or 1.09 per cent, to trade at Rs 14,800 per quintal, as the open interest of contract stood at 969 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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