Jeera futures edged higher on NCDEX as speculators created fresh positions, driven by pick-up in demand at the spot market. Though, some gains were capped on expectation of higher production from major producing belts.
The contract for April delivery was trading at Rs 14535.00, up by 1.54% or Rs 220.00 from its previous closing of Rs 14315.00. The open interest of the contract stood at 8514 lots.
The contract for May delivery was trading at Rs 14850.00, up by 1.43% or Rs 210.00 from its previous closing of Rs 14640.00. The open interest of the contract stood at 945 lots on NCDEX.