Feb 15, 2017 11:49 AM IST | Source: Moneycontrol.com
Expect Jeera futures to trade down on anticipation: Angel
According to Angel Commodities, expect Jeera futures to trade down on anticipation supply pressure from new season crop.
Angel Commodities report on Jeera
Jeera futures for Mar delivery closed higher on Tuesday on technical buying. The spot prices continue to trade lower as new season jeera arrived in market. New jeera crop started arriving in the key spot market of Unjha in Gujarat.
We expect Jeera futures to trade down on anticipation supply pressure from new season crop. However, reports of lower production and good export demand may support prices.
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