Despite a weak demand in spot, jeera prices in futures gained on the back of short covering by speculators and traders.
However, overall trend was seen dull. Spot prices remained unchanged on Thursday.
On the National Commodities and Derivatives Exchange (NCDEX) jeera for September delivery rose Rs 62.50 to Rs 15,480 a quintal with an open interest of 19,242 lots. October jeera contract increased Rs 77.50 to Rs 15,890 for 100 kg with an open interest of 15,039 lots. NCDEX accredited warehouses jeera stocks gained by 189 tonnes to 10,692 tonnes.
New jeera medium was quoted at Rs 2,450-2,550 for 20 kg, NCDEX quality raw quoted at Rs 2,775-2,920 at Unjha, Gujarat.
Arrivals stood at 3,500-4,000 bags and traded around 4,000 bags.
In Rajkot APMC, jeera was traded at Rs 2,500-2,922 for 20 kg. About 750-800 bags arrived in Rajkot.
According to Kedia Commodity, recent rains in the top producer Gujarat raised hopes of improved soil moisture, which would aid sowing, while weak exports weighed on sentiment. Overseas sales have come down but are expected to improve in coming days.