Ahmedabad, July 3 (CommoditiesControl): The cumin market in Gujarat saw a decline today, with prices falling by Rs 50 per 20 kg. This drop is attributed to a lack of sufficient demand in both export and local markets, despite reduced arrivals.
Traders report that while cumin arrivals are lower than usual, the absence of strong demand has led to the price decrease. The market is now closely monitoring the price of cumin from China, as this will likely influence local pricing trends. Additionally, traders are keeping an eye on demand patterns leading up to the festival season, which could impact future prices.
In Unjha Mandi, there was no auction of cumin today, though the market remained stable overall. In Gondal Mandi, 455 bags of cumin were traded at prices ranging from Rs 5311 to Rs 5411 per 20 kg. Meanwhile, in Rajkot market, approximately 800 bags of cumin were traded at prices between Rs 4500 and Rs 5486 per 20 kg.
Jeeraunjha contract for JUL delivery settled at Rs 28940/quintal showing an rise of Rs 150 over previous close of Rs 28790/quintal,The contract moved in the range of Rs 28525-29060 for the day. Open interest decreased by -231 MT to 2316 MT, while trading volume increased by 261 to 927 MT.
Jeeraunjha contract for AUG delivery settled at Rs 28390/quintal showing an rise of Rs 60 over previous close of Rs 28330/quintal,The contract moved in the range of Rs 28035-28560 for the day. Open interest increased by 177 MT to 1590 MT, while trading volume increased by 123 to 624 MT.
Jeeraunjha contract for SEP delivery settled at Rs 28330/quintal showing an fall of Rs -105 over previous close of Rs 28435/quintal,The contract moved in the range of Rs 28330-28330 for the day. Open interest was simillar by 0 MT to 3 MT, while trading volume was simillar by 0 to 0 MT.
Currently The spread between JUL and AUG contract is 550 Rs/quintal
Currently The spread between AUG and SEP contract is 60 Rs/quintal.
Currently The spread between JUL and SEP contract is 610 Rs/quintal.
JeeraUnjha stock in NCDEX accredited warehouse as on 03-Jul-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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