Jeera prices surged over 3 per cent to Rs 18,450 per quintal in futures trade today as traders raised their bets, tracking pick-up in demand in the spot market and export enquiries.
Besides, tight stocks position on restricted supplies from producing regions supported the upside.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month August shot up by Rs 560, or 3.13 per cent to Rs 18,450 per quintal with an open interest of 10,746 lots.
On similar lines, the spice for delivery in July traded higher by Rs 540, or 3.06 per cent to Rs 18,180 per quintal in 14,769 lots.
Analysts said widening of positions by participants after pick-up in demand in the spot market against restricted supplies from producing belts, mainly pushed up jeera prices at futures trade.
