Jeera futures surge on strong demand

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Jeera future traded higher on NCDEX on the back of increasing demand at spot markets amid restricted arrivals from producing belts. However, gains remained capped as sowing of jeera has started and traders are expecting higher acreage due to high prices in the domestic market

The contract for December delivery was trading at Rs 17485, up by 1.98% or Rs 340 from its previous closing of Rs 17145. The open interest of the contract stood at 8346 lots.

The contract for January delivery was trading at Rs 17350, up by 1.7% or Rs 290 from its previous closing of Rs 17060. The open interest of the contract stood at 2049 lots on NCDEX.

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