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NEW DELHI: Jeera continued to trade in positive zone with gains up to 0.31 per cent on the National Commodity and Derivatives Exchange on Tuesday largely on the back of firm demand in spot markets.

However, falling jeera exports on better overseas crop worries continued to put pressure and capped gains in futures trade. At NCDEX counter, jeera for delivery in August month contract gained 0.31 per cent to Rs 11,769 per quintal with an open interest in 6,780 lots.

Similarly, jeera for delivery in September month contract rose by 0.29 per cent at Rs 11,832 per quintal having an open interest of 4,539 lots. Analysts said pick up in buying in spot markets ahead of the festival season mainly helped jeera prices to go up in futures trade.

They said, however, falling exports due to higher output from leading global producers Syria and Turkey, restricted gains in jeera prices. - PTI

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