Supported by the poor supplies and delay in sowing in Gujarat, jeera futures traded Rs 21 higher at Rs 14,776 per quintal today, as speculators creating fresh positions.
Jeera for delivery in February edged up by Rs 21, or 0.14 per cent, to Rs 14,776 per quintal in open interest of 14,151 lots at the National Commodity and Derivatives Exchange counter.
Similarly, the spice for delivery in January contract was up by Rs 14, or 0.10 per cent, to Rs 14,485 per quintal, with a business turnover of 10,608 lots.
Analysts said fresh positions created by speculators, driven by lower stocks at the physical markets and delay in sowing in Gujarat, the biggest producer of spice, due to unseasonal rains influenced jeera prices at futures trade.
