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Lower arrivals pushed up spot jeera on Thursday.
The October contract increased by Rs 41 at Rs 14,466 a quintal with an open interest of 1,113 lots, November by Rs 73 at Rs 14,843 with an open interest of 17,523 lots, and December by Rs 46 at Rs 15,165 with an open interest of 14,082 lots.
Arrivals fell below 5,000 bags. However, trades were up around 7,000 bags at auctions held at the Unjha market. Spot rates for quality crop remained unchanged at Rs 2,100-3,400 for 20 kg.
The spice rose by Rs 15 at Rs 2,000-2,800 for 20 kg at the agriculture produce marketing committee in Rajkot, where about 400 bags arrived.
Arrivals may keep falling till Diwali though export and local demand is good, said a Rajkot-based trader. Markets will be closed after Monday next week, he said.
A report from Kedia Commodity also predicted arrivals will drop ahead of Diwali. Local demand is likely to improve after the festival, the report said.
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