Moneycontrol
Feb 17, 2017 02:33 PM IST | Source: Moneycontrol.com

Expect Jeera futures to trade sideways to down: Angel Commoditie

According to Angel Commodities, We expect Jeera futures may trade sideways to down supplies pressure from new season crop.

Expect Jeera futures to trade sideways to down: Angel Commoditie


Angel Commodities report on Jeera


Jeera futures for Mar delivery closed lower on Thursday due to profit booking. The spot prices goes up on good demand in the physical market for new season jeera improved. New jeera crop started arriving in the key spot market of Unjha in Gujarat.


Outlook


We expect Jeera futures may trade sideways to down supplies pressure from new season crop. However, on reports of lower production and good export demand may limit the losses.

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