Jeera prices rose by Rs 40 to Rs 13,510 per quintal in futures trading today, as speculators built-up fresh positions, supported by upsurge in demand in the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in October rose by Rs 40, or 0.3%, to Rs 13,510 per quintal with an open interest of 12,249 lots.
Similarly, jeera for delivery in September contract traded higher by Rs 20 or 0.15% to Rs 13.225 per quintal in 246 lots.
Market analysts said speculators created fresh positions due to upsurge in demand in the spot market, mainly influenced jeera prices at futures trade.
At the National Commodity and Derivatives Exchange, jeera for delivery in October rose by Rs 40, or 0.3%, to Rs 13,510 per quintal with an open interest of 12,249 lots.
Similarly, jeera for delivery in September contract traded higher by Rs 20 or 0.15% to Rs 13.225 per quintal in 246 lots.
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Likewise, the spice for delivery in August contract traded higher by Rs 47.50, or 0.36% to Rs 13,160 per quintal in 6,453 lots.
Market analysts said speculators created fresh positions due to upsurge in demand in the spot market, mainly influenced jeera prices at futures trade.