Jeera prices rose by 0.75 per cent to close at Rs 19,370 per quintal in futures market today as participants created fresh positions, driven by upsurge in good export demand at the spot market.
Moreover, low stock position following restricted arrivals due to higher rains in the producing belts of Gujarat too supported the uptrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in September rose by Rs 145, or 0.75 per cent, to close at Rs 19,370 per quintal, with an open interest of 7,542 lots.
Likewise, the spice for delivery in August traded higher by Rs 60, or 0.31 per cent, to end at Rs 19,155 per quintal in 9,396 lots.
Traders said speculative positions built up by participants amid pick up in domestic as well as export demand mainly led to the rise in jeera prices in futures trade.
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