Jeera prices rose by 0.89 per cent to Rs 19,695 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 up trend.
At the National Commodity and Derivatives Exchange, jeera for delivery in August contract rose by Rs 175, or 0.89 per cent, to Rs 19,695 per quintal with an open interest of 6,696 lots.
Likewise, the September contract was increased by Rs 160, or 0.81 per cent, to Rs 19,865 per quintal as the open interest of contract stood at 2,259 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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