What is jeera futures and how can you make money from it? Anuj Gupta explains

Commodity derivatives play an important role for farmers, traders, and middlemen who use commodities such as cumin seed or jeera for their products. The prices of commodities are linked to the common man’s kitchen and have increased significantly, with cumin seed prices rising by 150% in the last three years due to unseasonal rains. India is the biggest exporter of spices, with increasing demand from other countries due to geopolitical tension. Exporters can use commodity derivative products by selling their position in the commodity futures, allowing them to lock in prices and prevent losses.