Jeera prices shot up by Rs 193 to Rs 13,390 per quintal in futures trade today, as speculators and traders enlarged their positions, driven by pick up in demand at the spot markets.
Tight stocks at the spot markets following restricted arrivals from the producing regions further fuelled the uptrend.
At the National Commodity and Derivatives Exchange counter, jeera for delivery in January contract shot up by Rs 193, or 1.46 per cent, to Rs 13,390 per quintal, with an open interest of 210 lots.
Similarly, the spice for delivery in October-month rose by Rs 158, or 1.23 per cent, to Rs 12,993 per quintal, with an open interest of 12,102 lots.
Analysts said apart from tight stocks position, firm spot demand also supported the rise in jeera at futures trade but weak export demand, capped gains.