Jeera up on slow progress of sowing, export demand

Jeera prices rose by Rs 65 to Rs 14,825 per quintal in futures trade today on fresh offtake by speculators, triggered by reports of slow progress of sowing in key producing region and some export enquiries.

At the National Commodity and Derivatives Exchange, the December contract rose by Rs 65, or 0.44%, to Rs 14,825 per quintal, with an open interest of 15,567 lots.

The October contract gained Rs 64, or 0.42%, to Rs 15,669 per quintal, with an open interest of 5,313 lots.

Marketmen said apart from some export enquiries, reports of slow progress of sowing in the key producing state, Gujarat, due to inadequate soil moisture, influenced the jeera prices at futures trade here.