Jeera prices rose by Rs 40 to Rs 13,510 per quintal in futures trading today, as speculators built-up fresh positions, supported by upsurge in demand in the spot market.
At the National Commodity and Derivatives Exchange, jeera for delivery in October rose by Rs 40, or 0.3%, to Rs 13,510 per quintal with an open interest of 12,249 lots.
Similarly, jeera for delivery in September contract traded higher by Rs 20 or 0.15% to Rs 13.225 per quintal in 246 lots.
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Likewise, the spice for delivery in August contract traded higher by Rs 47.50, or 0.36% to Rs 13,160 per quintal in 6,453 lots.
Market analysts said speculators created fresh positions due to upsurge in demand in the spot market, mainly influenced jeera prices at futures trade.