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Our Bureau

Mumbai , Jan. 28

JEERA futures contracts on the Multi Commodity Exchange (MCX) witnessed record volumes of Rs 6.5 crore on January 25.

The previous day's trading volume was Rs 4.5 crore. Jeera futures were launched on January 17.

Traders in Delhi, Rajasthan and Unja in Gujarat, Jeera exporters from Mumbai are taking active trading interest in the Jeera futures contract. The trading volume is around Rs 5 crore per day, an exchange release said.

The open interest is about 400 tonnes.

MCX will launch a new set of contracts with revised specifications in Jeera futures. The new contracts have been designed in the light of the heavy trading volumes witnessed in the existing Jeera futures contracts.

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