Jeera futures on NCDEX opened higher at Rs 14,407 a quintal on Monday against the previous close of Rs 14,370. The March contract had made a high of Rs 14,657 and low of Rs 14,375. It was up by two per cent at Rs 14,655 at 1.42 pm.

Buying interest has suddenly picked up in jeera after the sharp fall in prices during last few trading sessions. However, the high inventory with traders will restrict any sharp jump in prices. Besides, the prevailing cold weather is expected to better yield despite a fall in acreage. 

(This article was published on January 7, 2013)
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