Jeera prices advanced by 0.97 per cent to Rs 16,100 per quintal in futures market today as participants widened positions, tracking a firming trend at the spot market on rising demand.
Besides, tight stocks position on restricted supplies from producing regions supported the upside in jeera prices.
At the National Commodity and Derivatives Exchange, jeera for delivery in August rose Rs 155, or 0.97 per cent to Rs 16,100 per quintal with an open interest of 81 lots.
Similarly, the spice for September contracts gained Rs 60, or 0.37 per cent to Rs 16,290 per quintal in 17,739 lots.
Market analysts attributed rise in jeera futures to rising demand at the spot market against restricted supplies from producing regions.
