Jeera prices rose by Rs 260 or 1.77 per cent, to Rs 14,970 per quintal in futures trade today, as speculators built up fresh positions propelled by increase in spot market as well as exports demand against restricted arrivals.
At the National Commodity and Derivatives Exchange, jeera for far-month October delivery rose by Rs 260 or 1.77 per cent, to Rs 14,970 per quintal, with an open interest of 339 lots.
Similarly, jeera for July contract delivery gained Rs 102 or 0.72 per cent to Rs 14,225 per quintal, with a business volume of 3,255 lots.
Analysts attributed the rise in jeera futures prices to pick up in spot as well as overseas demand and restricted arrivals from producing regions.