Jeera prices advanced by 1.17 per cent to Rs 19,450 per quintal in futures market Wednesday as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.
Tight stock positions following restricted arrivals from the growing regions, too, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for September rose by Rs 225, or 1.17 per cent, to Rs 19,450 per quintal with an open interest of 255 lots.
Traders said speculative positions built up by participants amid rising domestic as well as exports demand led to the rise in jeera prices.
Likewise, delivery for October was trading higher by Rs 170, or 0.86 per cent, to Rs 19,850 per quintal as the open interest of contract stood at 7,875 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content