Jeera futures surge on strong export demand.

Jeera futures surged on NCDEX, as investors increased their holdings on strong demand from countries like China and Bangladesh. Jeer rates further supported by expectation of tight supply as production is estimated to be lower by 22% Y-o-Y in upcoming year.The contract for December delivery was trading at Rs 24200.00, higher by 1.45% or Rs 345.00 from its previous closing of Rs 23,855.00. The open interest of the contract stood at 1,362 lots.The contract for January delivery was trading at Rs 24150.00, higher by 1.30% or Rs 310.00 from its previous closing of Rs 23,840.00. The open interest of the contract stood at 1,863 lots on NCDEX. [Extracted from the article]