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Jeera prices surged by 1.38% to Rs 9,925 per quintal in futures trading today as speculators enlarged positions on the back of strong demand in the spot market.
However, expectations of higher output restricted the gains.
At the National Commodity and Derivatives Exchange, jeera for delivery in April jumped up by Rs 135, or 1.38%, to Rs 9,925 per quintal with an open interest of 519 lots.
Similarly, the spice for delivery in May shot up by Rs 120, or 1.21%, to Rs 10,050 per quintal in 9,960 lots.
Analysts said speculators enlarged positions on the back of strong demand in the spot market but expectations of higher output limited the gains at futures trade.
