Jeera rises 1.70% on export demand

Pick-up in overseas demand supported the price

Jeera futures for March rose by Rs 245, or 1.70% to Rs 14,615 per quintal in 13,299 lots at the Multi Commodity Exchange today.

The April contract gained Rs 242.50, or 1.68% to Rs 14,645 per quintal in 4,020 lots.

Pick-up in overseas demand, limited stocks with other producing countries influenced jeera futures trade.

However, higher area under cultivation capped the gains.