Moneycontrol
Feb 16, 2017 12:25 PM IST | Source: Moneycontrol.com

Expect Jeera futures to trade sideways to higher: Angel

According to Angel Commodities, Jeera futures may trade sideways to higher on reports of lower production and good export demand.

Expect Jeera futures to trade sideways to higher: Angel


Angel Commodities' report on Jeera


Jeera futures for Mar delivery closed higher on Wednesday tracking good demand in the physical market. The spot prices gain yesterday as demand 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 higher on reports of lower production and good export demand. However, anticipation supplies pressure from new season crop may limit the gains.

For all commodities report, click here

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