Jeera prices spurted by 1.29 per cent to Rs 18,880 per quintal in futures trade today as participants created fresh positions, driven by upsurge in demand in the spot market.
Moreover, restricted supplies in the domestic spot market due to reports of lower production estimates in Gujarat too supported the uptrend.
At the National Commodity and Derivatives Exchange, jeera for this month rose by Rs 240, or 1.29 per cent, to Rs 18,880 per quintal with an open interest of 5,493 lots.
Likewise, the spice for May traded higher by Rs 235, or 1.25 per cent, to Rs 19,105 per quintal in 14,616 lots.
Traders said speculative positions built up by participants amid pick-up in domestic as well as export demand, mainly led to the rise in jeera prices at futures trade.
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