Ahmedabad, June 24 (Commodities Control): Prices in the cumin market of Gujarat are trading within a stable range, amid strong local and export demand. Currently, the arrival of cumin remains robust, leading to a price improvement of Rs 40-50 per 20 kg. Market trends will depend on upcoming selling trends and the quantity of the Chinese crop entering the international market. Alongside the spot market, a rise was observed in the futures market today.
Traders reported that Unjha Mandi saw an arrival of approximately 20,000 bags. Prices for rough cumin were quoted at Rs 4900-5000 per 20 kg, while the best quality cumin fetched Rs 5550-5600 per 20 kg. The price for Bombay Bold variety ranged from Rs 5600-5650 per 20 kg. Across Gujarat, the total arrival was around 26,000 bags.
In Gondal market, 1,556 bags of cumin were traded at prices ranging from Rs 5551-5671. Meanwhile, the Rajkot market saw an arrival of around 1,600 bags, with prices quoted between Rs 4750-5620 per 20 kg.
Jeeraunjha contract for JUL delivery settled at Rs 29460/quintal showing an rise of Rs 650 over previous close of Rs 28810/quintal,The contract moved in the range of Rs 28950-30180 for the day. Open interest decreased by -228 MT to 2754 MT, while trading volume increased by 1593 to 2991 MT.
Jeeraunjha contract for AUG delivery settled at Rs 29000/quintal showing an rise of Rs 610 over previous close of Rs 28390/quintal,The contract moved in the range of Rs 28390-29525 for the day. Open interest increased by 225 MT to 1032 MT, while trading volume increased by 384 to 753 MT.
Jeeraunjha contract for SEP delivery settled at Rs 29005/quintal showing an rise of Rs 615 over previous close of Rs 28390/quintal,The contract moved in the range of Rs 29005-29005 for the day. Open interest increased by 3 MT to 3 MT, while trading volume increased by 3 to 3 MT
Currently The spread between JUL and AUG contract is 460 Rs/quintal.
Currently The spread between AUG and SEP contract is -5 Rs/quintal.
Currently The spread between JUL and SEP contract is 455 Rs/quintal.
JeeraUnjha stock in NCDEX accredited warehouse as on 24-Jun-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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