Jeera futures prices rose by Rs 87, or 0.49%, to Rs 16,905 per quintal today as speculators enlarged positions, driven by estimates of low output and diminishing stocks.
At the National Commodity and Derivatives Exchange, Jeera for delivery in June rose by Rs 87, or 0.49%, to Rs 16,905 per quintal, with an open interest of 3,483 lots.
Similarly, the spice for delivery in April gained Rs 61, or 0.38%, to Rs 16,140 per quintal, with a business volume of 14,238 lots.
Market analysts said estimates of low output due to delayed sowing and unfavourable weather and falling stocks, mainly attributed the rise in jeera futures prices here.
