DAILY BUZZ
JEERA
- Jeera prices surged by 1.38 per cent 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 per cent, 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 per cent, to Rs 10,050 per quintal in 9,960 lots.
TURMERIC
- Turmeric prices hit upper limit in futures trade trade by surging 4 per cent to Rs 6,502 per quintal as speculators enlarged positions triggered by a pick-up in export demand.
- At the National Commodity and Derivatives Exchange, turmeric for delivery in April shot up by Rs 250, or 4 per cent, to Rs 6,502 per quintal with an open interest of 420 lots.
- Similarly, the spice for delivery in May moved up by Rs 252, or 3.99 per cent, to Rs 6,572 per quintal in 12,600 lots. Analysts said strong export demand in the spot markets helped turmeric futures to hit an upper circuits by surging 4 per cent as speculators enlarged positions.
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