Ahmedabad, April 25 (CommoditiesControl): The cumin market in Gujarat continues to exhibit resilience as prices remain firm due to sustained demand. Decreasing arrivals in Gujarat, coupled with reduced selling in Rajasthan amid the Lok Sabha elections and the marriage season, have contributed to the market's stability. Additionally, robust buying from countries such as China has further supported the market amid lower prices.
Today, cumin prices in the state witnessed an increase of Rs 50 per 20 kg. Over the last two days, prices have surged by Rs 100-125 per 20 kg. Traders suggest that if the trend of strong export demand persists in the coming days, both spot and futures market prices may witness further escalation.
In the Unjha mandis, approximately 20,000 bags of cumin arrived today, with 12,000-14,000 bags originating from Rajasthan and 5,000-6,000 bags sourced locally. Rough cumin was priced at Rs. 3700-4000 per 20 kg, while the best quality commanded prices of Rs. 4350-4550 per 20 kg. Bombay Bold cumin was priced at Rs. 4550-5350 per 20 kg.
At Gondal Mandi, where 1156 bags arrived, prices ranged from Rs. 4321 to 4451 per 20 kg. Similarly, in Rajkot Mandi, with around 1400-1500 bags, prices ranged from Rs. 3750 to 4450 per 20 kg.
Jeeraunjha contract for MAY delivery settled at Rs 22700/quintal showing an fall of Rs -55 over previous close of Rs 22755/quintal,The contract moved in the range of Rs 22460-22960 for the day. Open interest decreased by -54 MT to 2454 MT, while trading volume decreased by -330 to 1014 MT.
Jeeraunjha contract for JUN delivery settled at Rs 22225/quintal showing an fall of Rs -35 over previous close of Rs 22260/quintal,The contract moved in the range of Rs 22055-22550 for the day. Open interest increased by 192 MT to 963 MT, while trading volume increased by 237 to 786 MT.
Jeeraunjha contract for JUL delivery settled at Rs 23050/quintal showing an was simillar of Rs 0 over previous close of Rs 23050/quintal,The contract moved in the range of Rs 23050-23050 for the day. Open interest was simillar by 0 MT to 0 MT, while trading volume was simillar by 0 to 0 MT.
Currently The spread between MAY and JUN contract is 475 Rs/quintal.
Currently The spread between JUN and JUL contract is -825 Rs/quintal.
Currently The spread between MAY and JUL contract is -350 Rs/quintal
JeeraUnjha stock in NCDEX accredited warehouse as on 25-Apr-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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