Jeera prices spurted by 2 per cent to close at Rs 19,655 per quintal in futures trade today as participants created fresh positions, driven by expectation of rising exports demand at 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 delivery in June rose by Rs 385, or 2 per cent, to close at Rs 19,655 per quintal, with an open interest of 10,575 lots.
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Likewise, the spice for May contracts traded higher by Rs 380, or 1.99 per cent, to end at Rs 19,490 per quintal in 10,053 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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