Mumbai, November 4 (Commodities Control): Cumin seed spot prices have been fluctuating recently, influenced by both supply trends and market expectations. This follows a trend where the prices softened due to expectations of higher production in the current season.
However, demand remains robust, particularly for export, which has helped limit the decline. This trend has been consistent across major producing regions in Gujarat and other states, where demand pressure keeps prices relatively stable despite anticipations of a higher output.
Jeeraunjha contract for NOV delivery settled at Rs 23800/quintal showing an fall of Rs -215 over previous close of Rs 24015/quintal,The contract moved in the range of Rs 23100-24100 for the day. Open interest decreased by -99 MT to 1587 MT, while trading volume increased by 69 to 468 MT.
Jeeraunjha contract for DEC delivery settled at Rs 23665/quintal showing an fall of Rs -260 over previous close of Rs 23925/quintal,The contract moved in the range of Rs 22970-23845 for the day. Open interest increased by 87 MT to 1500 MT, while trading volume increased by 156 to 384 MT.
Jeeraunjha contract for JAN delivery settled at Rs 23130/quintal showing an fall of Rs -170 over previous close of Rs 23300/quintal,The contract moved in the range of Rs 23100-23610 for the day. Open interest increased by 129 MT to 135 MT, while trading volume increased by 36 to 36 MT.
Currently The spread between NOV and DEC contract is 135 Rs/quintal
Currently The spread between DEC and JAN contract is 535 Rs/quintal.
Currently The spread between NOV and JAN contract is 670 Rs/quintal.
JeeraUnjha stock in NCDEX accredited warehouse as on 04-Nov-2024, was 648 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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