Supported by pick up in demand at domestic spot market and restricted supplies from producing regions, jeera prices traded higher by 1.16 per cent to Rs 16,550 per quintal in futures trade today.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month June rose by Rs 190, or 1.16 per cent to Rs 16,550 per quintal with an open interest of 17,841 lots.
In a similar fashion, the spice for delivery in May contracts moved up by Rs 150, or 0.92 per cent to Rs 16,400 per quintal in 453 lots.
Analysts said increasing of belts by traders after pick up in demand in the spot market amid restricted supplies from producing regions mainly led to the rise in jeera prices at futures trade.
