Jeera prices, in futures and spot market, gained on the back of strong export demand.

On the NCDEX, jeera November contract gained Rs.75 at Rs.11,450 a quintal with an open interest of 4,677 lots, while the December series was up Rs.55 to Rs.11,535. The spice moved up by Rs.15-20 to Rs.1,800-2,100 for a maund of 20 kg in Unjha and it was traded up by Rs.15 to Rs.1,750-1,950 in Rajkot.

Jeera prices looks to remain firm in the near term looking to good overseas demand whereas the sowing progress in coming weeks would be important.

Source :-Business Line