Jeera prices were trading notably higher by Rs 450 to Rs 18,170 per quintal in futures trade today as investors increased their bets tracking rising export and physical demand.
Further, restricted arrivals from growing regions also supported jeera futures.
At the National Commodity and Derivatives Exchange, jeera for delivery in July was trading higher by Rs 450, or 2.53 per cent, to Rs 18,170 per quintal with an open interest of 4,749 lots.
The contract for August delivery was trading at Rs 18,330, up by Rs 435, or 2.43 per cent. The open interest of the contract stood at 2,064 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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