Jeera remained firm for the second day and prices advanced by 1.18 per cent to Rs 18,810 per quintal in futures trading today as participants raised their bets, triggered by tight stock position at spot market on fall in supplies.
At the National Commodity and Derivatives Exchange, jeera for delivery in July surged by Rs 220, or 1.18 per cent to Rs 18,810 per quintal with an open interest of 414 lots.
Similarly, the spice for delivery in August gained Rs 190, or 1.00 per cent to Rs 19,190 per quintal in 22,593 lots.
Analysts said raising of bets by traders, driven by tight stocks on restricted supplies from producing belts mainly kept jeera prices higher at futures trade.
