Amid rising demand in spot market and a firming trend at producing belts, jeera prices were higher by 1.35 per cent to Rs 18,760 per quintal in futures trade today as speculators indulged in creating positions.
In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in June shot up by Rs 250, or 1.35 per cent to Rs 18,760 per quintal with an open interest of 11,190 lots.
On similar lines, spice for delivery in May contracts traded higher by Rs 215, or 1.18 per cent to Rs 18,380 per quintal in 18,123 lots.
Analysts said besides upsurge in demand in the spot markets, tight supplies on restricted arrivals from producing belts mainly attributed the rise in jeera prices at futures trade.
