Jeera futures traded slightly higher on NCDEX, due to technical buying at prevailing low rates by stockists amid anticipations of increased demand in new season. However, some gains remained capped on increased arrivals of cumin from growing belts.
The contract for March delivery was trading at Rs 15950.00, up by 0.35% or Rs 55.00 from its previous closing of Rs 15895.00. The open interest of the contract stood at 10548 lots.
The contract for April delivery was trading at Rs 16225.00, rose 0.37% or Rs 60.00 from its previous closing of Rs 16165.00. The open interest of the contract stood at 2031 lots on NCDEX.