Jeera prices increased by Rs 430, to Rs 22,415 per quintal in futures trade today as participants raised bets, tracking a firm trend at spot market due to rising domestic as well as export demand.
Further, tight stocks position following restricted arrivals from the growing regions, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in December rose Rs 430, or 1.98 per cent, to Rs 22,145 per quintal with an open interest of 13,770 lots.
On similar lines, the contract for January next year was trading higher at Rs 21,250, up by 1.98 per cent, or Rs 415 per quintal with an open interest at 2,184 lots.
Analysts said, the rise in jeera prices at futures trade was supported by increased buying by retailers and stockists at the spot market amid restricted supplies from producing regions.
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