On account of bad weather over major growing areas and low inventories, India's jeera futures extended gains for the third straight session on Thursday. The sowing season began in the late October and will continue through December and rains and cloudy weather may hit output. Dwindling inventories are also supporting the market, said an analyst with Angel Commodities Broking Pvt Ltd. Warehouse stocks as of Dec. 2 were only 69 tones, compared with open interest of 8,898 tones, according to the data from National Commodity and Derivatives Exchange. Spot jeera was trading firm at 10,664 rupees per 100 kg in Unjha, a major trading hub in Gujarat.
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