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Jeera prices closed higher by 3.56per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions.
At the NCDEX, jeera futures for March 2016 contract closed at Rs. 15,000 per quintal, up by 3.56 per cent, after opening at Rs. 14,530 against the previous closing price of Rs. 14,485. It touched the intra-day high of Rs. 15,060.
Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.