Ahmedabad, June 28 (CommoditiesControl): Recently, China traded 100-150 containers of cumin with India, but no new trades have occurred since, leading to a reduction in export activity.
This caused a decline in the market over the past three days. However, today the market stabilized. Traders indicate that market support will only come with increased demand in export or local trade.
According to traders, around 13,000 bags arrived at Unjha Mandi today. The price for rough cumin stood at Rs 4500-5000 per 20 kg, while the best quality cumin quoted Rs 5200-5300 per 20 kg. Bombay Bold cumin prices stood at Rs 5300-5400 per 20 kg. Overall, Gujarat saw the arrival of around 18,000 bags.
In the Gondal market, 286 bags of cumin were traded at Rs 5321-5501, while in the Rajkot market, around 700 bags were received, with prices ranging from Rs 4500-5434.
Jeeraunjha contract for JUL delivery settled at Rs 29140/quintal showing an rise of Rs 150 over previous close of Rs 28990/quintal,The contract moved in the range of Rs 28810-29475 for the day. Open interest decreased by -33 MT to 2718 MT, while trading volume decreased by -135 to 519 MT.
Jeeraunjha contract for AUG delivery settled at Rs 28675/quintal showing an rise of Rs 80 over previous close of Rs 28595/quintal,The contract moved in the range of Rs 28570-28920 for the day. Open interest decreased by -3 MT to 1260 MT, while trading volume increased by 60 to 303 MT.
Jeeraunjha contract for SEP delivery settled at Rs 28595/quintal showing an fall of Rs -175 over previous close of Rs 28770/quintal,The contract moved in the range of Rs 28595-28595 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 465 Rs/quintal.
Currently The spread between AUG and SEP contract is 80 Rs/quintal.
Currently The spread between JUL and SEP contract is 545 Rs/quintal.
JeeraUnjha stock in NCDEX accredited warehouse as on 28-Jun-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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