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

Cumin Prices Surge in Gujarat Amid Increased Demand

9 Dec 2024 4:54 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Ahmedabad, December 09 (CommoditiesControl): Cumin prices in Gujarat have seen a significant uptick in the last two working days, rising by Rs 100 per 20 kg. The price surge has sparked increased selling activity in the spot market, as farmers capitalize on the improved rates. On the day, cumin prices rose by an additional Rs 50 per 20 kg, driven by a combination of uptick in demand and market trends.

The recent price increase has prompted farmers, who still hold large stocks of cumin, to bring their produce to market. As soon as prices show signs of improvement, farmers typically increase selling, aiming to take advantage of the better rates. Traders are now closely monitoring the arrival patterns in the coming days to gauge whether the price momentum will continue.

Today, around 7,000 bags of cumin arrived at the Unjha Mandi, with prices for rough cumin ranging between Rs 4050 to Rs 4200 per 20 kg. Best-quality cumin fetched between Rs 4300 and Rs 4500 per 20 kg, while the premium Bombay Bold variety commanded Rs 4550 to Rs 4800 per 20 kg. Overall, Gujarat saw a total arrival of approximately 17,000 bags of cumin.

In the Gondal Mandi, 1,806 bags of cumin were traded, with prices ranging from Rs 4490 to Rs 4770 per 20 kg. Meanwhile, in the Rajkot Mandi, 2,000 bags arrived, and the price range was Rs 4050 to Rs 4660 per 20 kg.

Traders have noted that the cumin market is currently in a delicate balance, with prices reacting quickly to changes in demand and supply. The future direction of cumin prices will largely depend on the volume of arrivals in the coming days, as well as ongoing demand from both domestic and international buyers.

Jeeraunjha contract for DEC delivery settled at Rs 24130/quintal showing an rise of Rs 275 over previous close of Rs 23855/quintal,The contract moved in the range of Rs 23915-24200 for the day. Open interest decreased by -609 MT to 765 MT, while trading volume increased by 744 to 1017 MT

Jeeraunjha contract for JAN delivery settled at Rs 24090/quintal showing an rise of Rs 250 over previous close of Rs 23840/quintal,The contract moved in the range of Rs 23885-24180 for the day. Open interest increased by 498 MT to 2310 MT, while trading volume increased by 645 to 1227 MT.

Jeeraunjha contract for MAR delivery settled at Rs 23400/quintal showing an rise of Rs 205 over previous close of Rs 23195/quintal,The contract moved in the range of Rs 23400-23400 for the day. Open interest was simillar by 0 MT to 171 MT, while trading volume decreased by -21 to 3 MT.

Currently The spread between DEC and JAN contract is 40 Rs/quintal.

Currently The spread between JAN and MAR contract is 690 Rs/quintal.

Currently The spread between DEC and MAR contract is 730 Rs/quintal.

JeeraUnjha stock in NCDEX accredited warehouse as on 09-Dec-2024, was 633 MT


(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
Turmeric Prices Drop on Weak Demand, Higher Arrivals
Cumin Prices Gain as Export Demand Strengthens
Coriander Prices Ease as New Crop Arrivals Pick Up
Clove Prices Steady Amid Tight Domestic Supply, Strong ...
Indias Pepper Prices Hold Steady Amid Ramadan Demand; V...
more
Top 5 News
Turmeric Prices Drop on Weak Demand, Higher Arrivals
Test
Copper Rises Amid Lint Concerns Over Potential U.S. Tar...
UBS notes European Gas Storage Below Average
Test
Top 5 Special Reports
USDA Weekly Exports Sales Update: U.S. Cotton Export Sa...
USDA Weekly Exports Sales Update: U.S. Soybean Export S...
Weekly: Sugar Futures Decline Amid Stronger Dollar and ...
Weekly: Cotton Futures Experience Slight Weekly Decline...
CFTC Data Shows Cobalt Market Weakens as Managed Money...
Copyright © CC Commodity Info Services LLP. All rights reserved.