Jeera prices rose 1.23 per cent to Rs 16,400 per quintal in futures trade today after
participants widened their positions, backed by rising domestic and export demand.
Besides, tight stocks position on restricted supplies from producing regions supported the upmove.
At the National Commodity and Derivatives Exchange, jeera for delivery in June contract rose by Rs 200, or 1.23 per cent, to Rs 16,400 per quintal, with an open interest of 4,353 lots.
Likewise, contract for July increased by Rs 185, or 1.14 per cent, to Rs 16,380 per quintal, as the open interest of contract stood at 2,577 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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