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Surge in Cumin Arrival Leads to Price Decline in Guajarat

15 May 2024 5:35 pm
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New Delhi, May 15 (Commodities Control): Today witnessed a significant surge in the arrival of cumin in Unjha Mandi of Gujarat, totaling 33,000 bags. This excessive influx has resulted in heightened pressure on prices. The majority of the arrivals comprise produce from farmers. Consequently, the prices of cumin have witnessed a reduction by Rs 50 to Rs 100.

Jeeraunjha contract for MAY delivery settled at Rs 28600/quintal showing an fall of Rs -5 over previous close of Rs 28605/quintal,The contract moved in the range of Rs 28400-28600 for the day. Open interest decreased by -27 MT to 177 MT, while trading volume decreased by -195 to 66 MT

Jeeraunjha contract for JUN delivery settled at Rs 26950/quintal showing an fall of Rs -365 over previous close of Rs 27315/quintal,The contract moved in the range of Rs 26825-27645 for the day. Open interest decreased by -21 MT to 3723 MT, while trading volume decreased by -2016 to 1461 MT.

Jeeraunjha contract for JUL delivery settled at Rs 26510/quintal showing an fall of Rs -960 over previous close of Rs 27470/quintal,The contract moved in the range of Rs 26375-27100 for the day. Open interest increased by 27 MT to 87 MT, while trading volume decreased by -12 to 75 MT.

Currently The spread between MAY and JUN contract is 1650 Rs/quintal.

Currently The spread between JUN and JUL contract is 440 Rs/quintal.

Currently The spread between MAY and JUL contract is 2090 Rs/quintal.

JeeraUnjha stock in NCDEX accredited warehouse as on 15-May-2024, was NA MT


(By Commoditiescontrol Bureau: +91 9820130172)


       
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