Jeera futures trade higher on export demand

Jeera futures traded up on NCDEX on account of fresh export demand and strong domestic buying. Further, speculators created fresh positions due to fall in supplies from producing belts, mainly attributed rise in jeera price in future trade. The contract for May delivery was trading at Rs 11100.00, up by 1.00% or Rs 110.00 from its previous closing of Rs 10990.00. The open interest of the contract stood at 333.00 lots. The contract for June delivery was trading at Rs 11240.00, up by 0.54% or Rs 60.00 from its previous closing of Rs 11180.00. The open interest of the contract stood at 9333.00 lots on NCDEX.