Jeera surges 3.5% on export demand

The rally in jeera futures is attributed to pick-up in export demand amid restricted arrivals from producing regions

Jeera futures prices today flared up by 3.51% to Rs 13,130 per quintal, as speculators enlarged positions, driven by pick-up in export demand amid restricted arrivals from producing regions.

At the National Commodity and Derivatives Exchange, the June contract shot up by Rs 13,130 per quintal with an open interest of 12,918 lots.

The May contract shot up by Rs 422.50, or 3.42%, to Rs 12,775 per quintal in 11,442 lots.

Analysts attributed the rally in jeera futures to pick-up in export demand amid restricted arrivals from producing regions.