Ahmedabad, October 09 (CommoditiesControl): The cumin market in Gujarat experienced a sluggish environment today, with prices softening by 25-40 rupees per 20 kg due to weak demand. Export trade remains slow, contributing to a lack of market support. As a result, farmers have reduced their selling activities, and stockists are left holding substantial inventories.
Traders note that today's arrivals in the Unja market totaled approximately 13,000 bags. The price for rough cumin ranged from Rs 4500 to 4600 per 20 kg, while best quality cumin fetched between Rs 4800 and 4950 per 20 kg. Bombay Bold cumin saw prices ranging from Rs 4950 to 5250 per 20 kg.
In Gondal Mandi, 1972 bags were received, with prices fluctuating between Rs 4741 and 4941 per 20 kg. Meanwhile, Rajkot Mandi reported an arrival of about 1700 bags, with prices ranging from Rs 4400 to 4850 rupees per 20 kg.
Traders anticipate an increase in selling activity should there be any improvement in cumin prices.
Jeeraunjha contract for OCT delivery settled at Rs 26750/quintal showing an fall of Rs -20 over previous close of Rs 26770/quintal,The contract moved in the range of Rs 26700-27100 for the day. Open interest decreased by -108 MT to 984 MT, while trading volume decreased by -261 to 255 MT.
Jeeraunjha contract for NOV delivery settled at Rs 26195/quintal showing an rise of Rs 10 over previous close of Rs 26185/quintal,The contract moved in the range of Rs 26060-26390 for the day. Open interest decreased by -15 MT to 2037 MT, while trading volume decreased by -288 to 297 MT.
Jeeraunjha contract for DEC delivery settled at Rs 26060/quintal showing an was simillar of Rs 0 over previous close of Rs 26060/quintal,The contract moved in the range of Rs 26060-26060 for the day. Open interest increased by 12 MT to 207 MT, while trading volume decreased by -21 to 12 MT
Currently The spread between OCT and NOV contract is 555 Rs/quintal.
Currently The spread between NOV and DEC contract is 135 Rs/quintal.
Currently The spread between OCT and DEC contract is 690 Rs/quintal.
JeeraUnjha stock in NCDEX accredited warehouse as on 09-Oct-2024, was 750 MT.
(By Commoditiescontrol Bureau: +91 9820130172)
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