Jeera prices were up by 1.91 per cent to Rs 13,900 per quintal in futures trading today as speculators indulged in creating fresh positions, supported by pick up in demand in the spot market.
Tight stocks position in the physical market on restricted supplies from producing belts further fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in February month moved up by Rs 260, or 1.91 per cent to Rs 13,900 per quintal with an open interest of 2,412 lots.
In a similar fashion, the spice for delivery in March contracts traded higher by Rs 180, or 1.29 per cent to Rs 14,115 per quintal in 17,544 lots.
Analysts said speculators built up fresh positions, driven by pick up in demand in the spot market mainly led to the rise in jeera prices at futures trade.
