Jeera prices went up by 1.30 per cent to Rs 19,860 per quintal in futures trade Friday as participants raised their bets, tracking a firm trend at the spot market due to rising domestic as well as exports demand.
Furthermore, tight stocks position following restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in the current month rose by Rs 255, or 1.30 per cent, to Rs 19,860 per quintal, with an open interest of 171 lots.
Likewise, delivery for October was trading higher by Rs 110, or 0.54 per cent, to Rs 20,180 per quintal as the open interest of contract stood at 8,031 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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