Amid pick up in domestic demand and restricted supplies from producing regions, jeera prices edged up by 0.27% to Rs 16,420 per quintal in futures trade today as speculators built up fresh positions.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month December rose by Rs 45, or 0.27% to Rs 16,420 per quintal with an open interest of 3,699 lots.
Likewise, the spice for delivery in November contracts gained Rs 25, or 0.16% to Rs 16,145 per quintal in 15,159 lots.
Analysts attributed the rise in jeera futures prices to pick up in demand in the spot market amid restricted supplies from growing belts.
