Jeera futures managed to trade in green amidst better crop expectations from Gujarat and Rajasthan, which could rage the rising rates in coming weeks. However, overall fundamentals of the commodity are still weak due to rising sowing prospects and higher production estimates.
The contract for December delivery was trading at Rs 14,439.00, up by 0.08% or Rs 11.00 from its previous closing of Rs 14,428.00. The open interest of the contract stood at 1188 lots.
The contract for January delivery was trading at Rs 14,710.00, down by 0.55% or Rs 82.00 from its previous closing of Rs 14,792.00. The open interest of the contract stood at 14,124 lots on NCDEX.