Jeera prices rose by Rs 187.50 to Rs 13,800 per quintal in futures trading today as speculators enlarged their positions, driven by pick up in spot demand.
However, mounting supplies from the new season crop in the physical market and estimates of higher output restricted the gain.
At the National Commodity and Derivatives Exchange, jeera for delivery in April rose by Rs 187.50, or 1.38%, to Rs 13,800 per quintal, with an open interest of 13,731 lots.
The March contract gained Rs 177.50, or 1.33%, to Rs 13,570 per quintal, with an open interest of 9,111 lots.
Market analysts said increased buying by speculators on the back of a rise in demand in the spot market mainly helped jeera prices to trade higher at futures trade.
