Jeera prices firmed up by 0.90 per cent to Rs 16,720 per quintal in futures trade today due to widening of positions by the market participants amid expectations of improved physical and exports demand.
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 July contract rose by Rs 150, or 0.90 per cent, to Rs 16,720 per quintal, with an open interest of 5,340 lots.
Likewise, Jeera for delivery in this month was higher by Rs 100, or 0.60 per cent, to Rs 16,525 per quintal, as the open interest of contract stood at 108 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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