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Cumin Prices Hold Steady in Rajasthan Amid Reduced Arrivals

9 Dec 2023 6:37 pm
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Jaipur, December 9 (CommoditiesControl): The cumin market in Rajasthan exhibited stability today as traders cautiously await an improvement in cumin prices. Market participants anticipate that a slight upturn in prices could prompt small traders to release their cumin stocks.

Purushottam Mundra, the president of the Jodhpur cumin market, highlighted that the hesitancy among small businesses to maintain cumin stock is attributed to reports of excess cumin sowing. Consequently, when cumin prices show signs of improvement, there is a likelihood that cumin trade may witness an uptick in the spot market. As of today, the overall market environment remains favorable.

Stability witnessed in the prices of cumin seeds at Merta Mandi. The price of rough cumin stood at Rs 25,000, reflecting a steady sentiment. Medium-quality cumin was priced at Rs 32,100 per quintal, while super quality cumin commanded Rs 40,200 per quintal. Today's market recorded an arrival of 200-300 bags, each weighing 50 kg, all of which belonged to stockists.

In the Jodhpur market, the arrival of agricultural goods amounted to 50-60 bags. Including stockists' goods, a total of 200 bags were traded today. The price of rough quality cumin in Jodhpur was Rs 35,000 per quintal, and super quality cumin was observed at Rs 39,300 per quintal. The market witnessed stability in sentiments throughout the day.

(By CommoditiesControl Bureau; +91-9820130172)

       
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