Jeera prices firmed up by 0.57 per cent to Rs 15,800 per quintal in futures trade today as speculators created fresh positions, driven by pick up in demand from stockists.
Besides, tight stock positions following restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in June rose by Rs 90, or 0.57 per cent, to Rs 15,800 per quintal, with an open interest of 5,175 lots.
Likewise, contract for far-month July was increased by Rs 65, or 0.41 per cent, to Rs 15,880 per quintal, as the open interest of contract stood at 1,878 lots.
Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera prices.
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