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Cumin Prices Remain Stable in Gujarat Amid Lack of Export Demand

20 Jan 2025 4:52 pm
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Ahmedabad, January 20 (CommoditiesControl): The cumin market in Gujarat remained stable today, with prices showing no significant changes due to a lack of demand. Traders pointed out that the easy availability of the required quantity of goods has led to a decrease in purchases from stockists. With the arrival of new cumin expected to begin in about two months, the market is waiting to see if any export trade picks up, which could provide some support.

Today, around 5,000 bags, each bag weighing 55 kg, of cumin arrived at the Unjha mandi. The price for rough cumin ranged between Rs 4000 and Rs 4100 per 20 kg, while the best quality cumin was priced between Rs 4150 and Rs 4250 per 20 kg. Bombay Bold cumin saw prices between Rs 4300 and Rs 4350 per 20 kg. In total, around 14,000 bags of cumin arrived across Gujarat today.

In specific markets, Gondal Mandi saw an arrival of 1,553 bags, with trading occurring between Rs 4260 and Rs 4450 per 20 kg. Rajkot Mandi received around 2,200 bags, with prices ranging from Rs 4000 to Rs 4295 per 20 kg.

Traders are hopeful that if export demand picks up, it could provide some support to the cumin market. However, in the absence of such demand, prices are expected to remain stable in the short term.



Jeeraunjha contract for MAR delivery settled at Rs 22305/quintal showing an rise of Rs 80 over previous close of Rs 22225/quintal,The contract moved in the range of Rs 22040-22330 for the day. Open interest increased by 2211 MT to 2280 MT, while trading volume increased by 363 to 369 MT.

Jeeraunjha contract for MAY delivery settled at Rs 21915/quintal showing an rise of Rs 140 over previous close of Rs 21775/quintal,The contract moved in the range of Rs 21915-21915 for the day. Open interest decreased by -2292 MT to 0 MT, while trading volume decreased by -327 to 0 MT

Jeeraunjha contract for MAY delivery settled at Rs 21915/quintal showing an rise of Rs 140 over previous close of Rs 21775/quintal,The contract moved in the range of Rs 21915-21915 for the day. Open interest was simillar by 0 MT to 0 MT, while trading volume was simillar by 0 to 0 MT.

Currently The spread between MAR and MAY contract is 390 Rs/quintal.

Currently The spread between MAY and MAY contract is 0 Rs/quintal.

Currently The spread between MAR and MAY contract is 390 Rs/quintal.

JeeraUnjha stock in NCDEX accredited warehouse as on 20-Jan-2025, was 209 MT.



(By Commoditiescontrol Bureau: +91 9820130172)


       
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