Jeera futures prices rose sharply by Rs 300, or 2.00 per cent, to Rs 15,294 per 100 kg today, as traders created speculative positions, driven by poor stocks on restricted supplies.
Pick up in domestic demand also influenced the jeera prices at futures market here.
At the National Commodity and Derivatives Exchange, jeera for October delivery rose by Rs 300, or 2 per cent, to Rs 15,294 per quintal, with an open interest of 489 lots.
The spice for delivery in August contract also rose by Rs 272, or 1.87 per cent, to Rs 14,788 per quintal, with an open interest of 13,080 lots.
Analysts attributed the persistent rise in jeera futures prices to speculative activity, driven by poor stocks, as stockists are hoarding stocks on hopes of a rise in prices.
Besides, good demand at physical markets and overseas enquiries also supported the rise in jeera prices, they said.