Jeera Mar. futures closed higher by 1.34 % in last trading session on good buying support by the market participants after drop in two previous trading sessions. Further increase in price is capped due to supply pressure in spot market from the new season crop. There are reports of crop damage of the new season crop due to unseasonal rains in Gujarat and Rajasthan.
Jeera futures may trade on mixed to positive note, as there is good demand from exporters as well as retailers and stockists at current market prices on anticipation of lesser arrivals in coming month on anticipation of lower production. However, arrival pressure may cap the price rise.
Jeera futures may trade on mixed to positive note, as there is good demand from exporters as well as retailers and stockists at current market prices on anticipation of lesser arrivals in coming month on anticipation of lower production. However, arrival pressure may cap the price rise.
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