Jeera prices rose by 0.91 per cent to Rs 20,060 per quintal in futures trade today as participants raised their bets taking positive cues from spot market on firm demand.
Furthermore, tight stocks position on restricted arrivals from the growing regions also supported the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in September shot up by Rs 180, or 0.91 per cent, to Rs 20,060 per quintal with an open interest of 7,806 lots.
Likewise, the spice for delivery in August gained Rs 160, or 0.83 per cent, to Rs 19,535 per quintal in 129 lots.
Analysts said expanding of positions by traders on the back of pick up in demand in the physical market against restricted arrivals from growing belts, mainly pushed up jeera prices in futures trade.
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