Jeera prices rose by Rs 108 to Rs 13,602 per quintal in futures trade today as traders enlarged speculative positions, driven by restricted supplies.
Pick up in spot demand also influenced jeera prices at futures market here.
At the National Commodity and Derivatives Exchange, jeera for August delivery rose by Rs 108 or 0.80 per cent, to Rs 13,602 per quintal with an open interest of 7,119 lots.
The spice for delivery in August contract also rose by Rs 97 or 0.71 per cent, to Rs 13,819 per quintal with an open interest of 11,490 per quintal. It ended 1.2 per cent higher at Rs 13,494 per quintal in the previous session.
Analysts attributed the rise in jeera futures prices to speculative activity, driven by tight arrivals as stockists are hoarding stocks on hope of better prices.
Besides, good demand at the physical markets also supported the rise in jeera prices, they said.