At NCDEX, jeera for delivery in January rose by Rs 225, or 1.21 per cent, to Rs 18,895 per quintal, with an open interest of 3,114 lots.
Jeera prices rose 1.21 percent to Rs 18,895 per quintal in futures trade on December 7 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 January rose by Rs 225, or 1.21 per cent, to Rs 18,895 per quintal, with an open interest of 3,114 lots.
Likewise, the contract for February was trading higher by Rs 75, or 0.42 per cent, at Rs 17,730 per quintal with an open interest of 786 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 in futures trade.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.