Jeera prices were up by 2.43 per cent to Rs 16,425 per quintal in futures trade today as speculators enlarged positions, triggered by restricted supplies from growing regions amid rising spot market demand.
At the National Commodity and Derivatives Exchange, jeera for delivery in July month climbed by Rs 390, or 2.43 per cent to Rs 16,425 per quintal with an open interest of 19,869 lots.
In a similar fashion, the spice for delivery in August contracts shot up by Rs 340, or 2,08 per cent to Rs 16,660 per quintal in 10,743 lots.
Market analysts attributed rise in jeera futures prices to tight supplies from producing belts against rising demand in the spot market.
