According to Angel Commodities, We expect Jeera futures to trade higher on anticipation of revival of physical and export demand.
Angel Commodities' report on Jeera
Jeera Jun futures closed higher on Tuesday supported by fresh buying form lower levels. The arrivals have now slowed down in the physical market. As per Agmarknet data, about 4,316 tonnes of jeera arrived in May (1-14) compared to 17,494 in April (1-14).
We expect Jeera futures to trade higher on anticipation of revival of physical and export demand. Technically the prices have been trading on strong support.
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