Mumbai, May 13 (Commodities Control): Cumin prices witnessed a notable uptick, rising by Rs 100 per quintal. The surge was primarily attributed to robust export demand, while domestic consumption continued to maintain its steady pace.
The current market scenario is characterized by a combination of factors driving the price hike. Firstly, there's a seasonal surge in demand, amplifying the market trends. However, the arrival of cumin in mandis remains notably low.
Jeeraunjha contract for MAY delivery settled at Rs 28300/quintal showing an rise of Rs 1250 over previous close of Rs 27050/quintal,The contract moved in the range of Rs 27465-28650 for the day. Open interest decreased by -390 MT to 309 MT, while trading volume decreased by -411 to 858 MT.
Jeeraunjha contract for JUN delivery settled at Rs 27350/quintal showing an rise of Rs 1115 over previous close of Rs 26235/quintal,The contract moved in the range of Rs 26820-27590 for the day. Open interest increased by 684 MT to 3621 MT, while trading volume increased by 24 to 2514 MT.
Jeeraunjha contract for JUL delivery settled at Rs 26950/quintal showing an rise of Rs 900 over previous close of Rs 26050/quintal,The contract moved in the range of Rs 26950-27090 for the day. Open interest was simillar by 0 MT to 12 MT, while trading volume increased by 15 to 15 MT.
Currently The spread between MAY and JUN contract is 950 Rs/quintal.
Currently The spread between JUN and JUL contract is 400 Rs/quintal.
Currently The spread between MAY and JUL contract is 1350 Rs/quintal.
JeeraUnjha stock in NCDEX accredited warehouse as on 13-May-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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