login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cumin Prices Decline in Gujarat Amid Rising Arrivals and Limited Demand

13 Sep 2024 5:33 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Ahmedabad, September 13 (CommoditiesControl): The cumin market in Gujarat experienced a notable drop in prices today, attributed to the surge in arrivals combined with subdued demand. Prices fell by Rs 50-80 per 20 kg as the market faced pressure from the arrival of cumin.

Today, the total arrival of cumin across Gujarat was substantial, ranging between 19,000 and 20,000 bags. This increase in supply has put downward pressure on prices, which have seen a decline despite the usual lower arrivals for this time of year. The current high stock levels with farmers have prompted increased selling activity as prices rise, further contributing to the downward trend.

In the Unjha mandi, where around 14,000 bags of cumin arrived, prices were recorded at Rs 4300-4400 per 20 kg for rough cumin, Rs 4600-4700 per 20 kg for best quality, and Rs 4700-4800 per 20 kg for Bombay Bold.

Rajkot Mandi saw the arrival of approximately 2,400 bags, with prices ranging from Rs 4250 to Rs 4718 per 20 kg. In Gondal Mandi, where 1,166 bags were received, the prices varied from Rs 4491 to Rs 4861 per 20 kg.

Jeeraunjha contract for SEP delivery settled at Rs 25495/quintal showing an fall of Rs -115 over previous close of Rs 25610/quintal,The contract moved in the range of Rs 25205-25495 for the day. Open interest decreased by -213 MT to 789 MT, while trading volume increased by 345 to 678 M

Jeeraunjha contract for OCT delivery settled at Rs 25525/quintal showing an fall of Rs -170 over previous close of Rs 25695/quintal,The contract moved in the range of Rs 25350-26205 for the day. Open interest decreased by -18 MT to 1932 MT, while trading volume increased by 150 to 906 MT.

Jeeraunjha contract for NOV delivery settled at Rs 25170/quintal showing an fall of Rs -510 over previous close of Rs 25680/quintal,The contract moved in the range of Rs 25155-25260 for the day. Open interest increased by 42 MT to 189 MT, while trading volume decreased by -51 to 69 MT.

Currently The spread between SEP and OCT contract is -30 Rs/quintal.

Currently The spread between OCT and NOV contract is 355 Rs/quintal. |

Currently The spread between SEP and NOV contract is 325 Rs/quintal.

JeeraUnjha stock in NCDEX accredited warehouse as on 13-Sep-2024, was 729


(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
0.0

   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
Clove Prices Hold Steady Amid Balanced Demand and Limit...
Pepper Prices Rebound as Harvest Delays Impact Markets
Small Cardamom Prices Hold Steady Amid Strong Arrivals ...
Cumin Prices Dip in Gujarat's Spot Market Amid Futures ...
Turmeric Prices Stable to Weak; NCDEX Futures Show Mild...
more
Top 5 News
CBOT Soy Oil Futures Slide on Favorable South American ...
MCX Cotton Stock Position Location Wise - 04 Dec 2024
NCDEX Stock position of commodities at NCCL approved wa...
Sugar Prices Remain Volatile Amid Mixed Global Supply a...
ICE Cotton Futures Hold Steady Ahead of US Exports Sale...
Top 5 Special Reports
Weekly: Sugar Prices Decline Amid Weaker Brazilian Real...
Weekly: ICE Cotton Futures Log Second Weekly Gain on St...
EDIBLE OILS PORT STOCK AS ON : 29 Nov 2024
U.S. Cotton Sales Surge for 2024/2025 Marketing Year, L...
U.S. Soybean Export Sales Reach Marketing-Year High Ami...
Copyright © CC Commodity Info Services LLP. All rights reserved.