According to Angel Commodities, We expect Jeera futures to trade sideways to lower on anticipation of higher supplies and steady physical demand.
Angel Commodities' report on Jeera
Jeera Jun futures close with little change on Thursday and continue its sideways movement. 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 sideways to lower on anticipation of higher supplies and steady physical demand.
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