Ahmedabad, June 26 (CommoditiesControl): Gujarat's cumin market witnessed a decline for the second consecutive day as traders grappled with subdued demand at elevated price levels. Prices for cumin dropped by Rs 100-150 per 20 kg today, following a softer trend observed yesterday with decreases ranging from Rs 25 to Rs 50 per 20 kg. Market participants attribute this downturn to waning local demand amidst previously escalated prices, which had surged due to robust export demands in recent weeks.
Today, both the spot and futures markets recorded declines, reflecting the overall sentiment in the sector. In Unjha Mandi, a major hub for cumin trading, around 17,000 bags were brought to market. Prices for rough cumin ranged from Rs 4500 to Rs 5000 per 20 kg, while the highest quality fetched Rs 5300 to Rs 5400 per 20 kg. Bombay Bold cumin commanded prices between Rs 5400 and Rs 5500 per 20 kg. Across Gujarat, an estimated 28,000 bags of cumin were available for trading today.
Gondal Mandi reported arrival of 736 bags of cumin, trading at prices between Rs 5381 and Rs 5681 per 20 kg. Rajkot Mandi saw an arrival of around 2000 bags, with prices ranging from Rs 4650 to Rs 5584 per 20 kg.
Jeeraunjha contract for JUL delivery settled at Rs 29180/quintal showing an fall of Rs -440 over previous close of Rs 29620/quintal,The contract moved in the range of Rs 28980-29560 for the day. Open interest increased by 3 MT to 2775 MT, while trading volume decreased by -480 to 1005 MT.
Jeeraunjha contract for AUG delivery settled at Rs 28790/quintal showing an fall of Rs -665 over previous close of Rs 29455/quintal,The contract moved in the range of Rs 28600-29300 for the day. Open interest increased by 78 MT to 1230 MT, while trading volume decreased by -18 to 510 MT.
Jeeraunjha contract for SEP delivery settled at Rs 29455/quintal showing an rise of Rs 450 over previous close of Rs 29005/quintal,The contract moved in the range of Rs 29455-29455 for the day. Open interest was simillar by 0 MT to 3 MT, while trading volume was simillar by 0 to 0 MT.
Currently The spread between JUL and AUG contract is 390 Rs/quintal.
Currently The spread between AUG and SEP contract is -665 Rs/quintal.
Currently The spread between JUL and SEP contract is -275 Rs/quintal.
JeeraUnjha stock in NCDEX accredited warehouse as on 26-Jun-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
