Cumin Exports Increase in February; Market Sluggish in State

Ahmedabad, April 26 (CommoditiesControl): The cumin market in the state witnessed sluggish activity today, with around 15,000 bags arriving from across Gujarat, keeping prices stable. Export data revealed a notable increase, with 11,882.46 metric tonnes exported from the country in February 2024, compared to 11,362.19 metric tonnes exported during the same period last year.

Notably, Unja Mandi, the primary arrival center for cumin in the state, remained closed today due to the Lok Sabha elections in Rajasthan. The majority of workers in Unja Mandi hail from Rajasthan, leading to the holiday closure.

In Gondal Mandi, prices ranged from Rs 4351-4511 per 20 kg in front of the arrival of 1057 bags. Meanwhile, in the Rajkot market, approximately 1200 bags arrived, with prices ranging from Rs 3800-4500.

The stability in prices and subdued market activity reflect the current dynamics of the cumin market, influenced by both domestic factors and external market conditions.

Jeeraunjha contract for MAY delivery settled at Rs 22665/quintal showing an was simillar of Rs 0 over previous close of Rs 22665/quintal,The contract moved in the range of Rs 22630-22840 for the day. Open interest was simillar by 0 MT to 2454 MT, while trading volume decreased by -537 to 477 MT.

Jeeraunjha contract for JUN delivery settled at Rs 22210/quintal showing an rise of Rs 35 over previous close of Rs 22175/quintal,The contract moved in the range of Rs 22205-22380 for the day. Open interest was simillar by 0 MT to 963 MT, while trading volume decreased by -495 to 291 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 455 Rs/quintal.

Currently The spread between JUN and JUL contract is -840 Rs/quintal.

Currently The spread between MAY and JUL contract is -385 Rs/quintal.

JeeraUnjha stock in NCDEX accredited warehouse as on 26-Apr-2024, was NA MT

(By Commoditiescontrol Bureau: +91 9820130172)