Jeera prices rose by 0.46 per cent to Rs 20,555 per quintal in futures trade Friday as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.
Tight stocks position following restricted arrivals from the growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in December rose by Rs 95, or 0.46 per cent higher, to Rs 20,555 per quintal, with an open interest of 570 lots.
Likewise, the contract for November month was trading higher by Rs 80, or 0.40 per cent up, at Rs 20,330 per quintal, the open interest of contract stood at 6,330 lots.
Traders said speculative positions built up by participants amid rising domestic as well as export demand, mainly led to the rise in jeera prices at futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
