Login ID:
Partner Login
Contact Us : 7066511911

Prices Improve in Gujarat Due to Local Demand for Cumin

22 Jun 2024 3:46 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
Ahmedabad, June 22 (CommoditiesControl): Today, cumin prices in Gujarat saw an improvement of Rs 50 per 20 kg. Despite lower arrivals, the market received support from local demand. Discussions in the market suggest that India's cumin production may increase significantly this year compared to last year's figures.

Last year, India produced 60 lakh bags of cumin, and this year's projection stands at 1 crore bags. Similarly, other major cumin-producing countries like China, Syria, Turkey, and Afghanistan are also expected to see increased production this year. Overall, global cumin production is expected to rise to 2 crore 12 thousand tons compared to 1 crore 12 thousand tons last year.

Currently, farmers in India have brought only 43 lakh bags of cumin to the market, leaving around 57 lakh bags yet to be sold. Farmers, similar to last year, are holding onto their produce in anticipation of higher prices, although a downward trend is anticipated in the cumin market in the near future.

In today's trading, approximately 17,000 bags arrived at Unjha Mandi. Rough cumin was priced at Rs 4,900-5,000 per 20 kg, the best quality fetched Rs 5,450-5,550 per 20 kg, and Bombay Bold cumin sold for Rs 5,550-5,600 per 20 kg. Across Gujarat, around 28,000 bags of cumin were received.

In the Gondal market, 1,411 bags of cumin were traded at Rs 5,471-5,671 per 20 kg. Rajkot market reported around 1,700 bags with prices ranging from Rs 4,750 to Rs 5,634 per 20 kg.

(By CommoditiesControl Bureau, +91-9820130172)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Post Comment  

Latest Market Commentary
Panjab Sugar Prices -13 July 2024
Madhya Pradesh Sugar Prices -13 July 2024
Gujarat Sugar Prices -13 July 2024
Mumbai Sugar Prices -13 July 2024
Tamil Nadu Sugar Prices -13 July 2024
Top 5 News
Malaysian Crude Palm Oil Futures Decline Amid Weakness ...
Global Market Update: Market Volatility Increases Amid...
Market Snapshot GLOBEX
Market Snapshot MCX - NCDEX
China's Q2 GDP Growth Falls Short at 4.7%
Top 5 Special Reports
Weekly: Sugar Prices Decline Amid Strong Brazilian Outp...
Weekly: Cotton Extend Loss For 7th Week; Bears Tighten ...
USDA lowers 2024-25 global soybean production estimates...
USDA revises 2024-25 global cotton ending stocks estima...
Textile Industry Pins Hopes on Upcoming Union Budget
Copyright © CC Commodity Info Services LLP. All rights reserved.