Jeera futures traded higher on NCDEX on the back of fresh positions created by speculators, triggered by rising demand in the spot markets as well as limited arrivals from producing areas. However, higher production in the current year and fall in export demand of the commodity limited the gains to some extent.
The contract for May delivery was trading at Rs 10720.00, up by 0.05% or Rs 5.00 from its previous closing of Rs 10715.00. The open interest of the contract stood at 4227.00 lots.
The contract for June delivery was trading at Rs 10860.00, up by 0.05% or Rs 5.00 from its previous closing of Rs 10855.00. The open interest of the contract stood at 7287.00 lots on NCDEX.
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