Jeera futures traded 1.35% higher at Rs 16,7520 per quintal today, after speculators built-up positions on the back of export inquiries amid weak monsoon in the growing regions.
Besides, reduced domestic supplies in the physical markets supported the upside.
At the National Commodity and Derivatives Exchange, jeera for delivery in September rose by Rs 222.50, or 1.35%, to Rs 16,752.50 per quintal, with an open interest of 16,883 lots.
The August contract traded higher by Rs 200, or 1.24%, to Rs 16,295 per quintal, with an open interest of 15,273 lots.
Marketmen said fresh export as well as domestic demand and below average rains in key growing regions mainly influenced jeera prices at futures trade.
