Ahmedabad, June 19 (CommoditiesControl): After several days of subdued activity, the Unjha market saw a significant arrival of cumin, leading to stable prices in the spot market due to limited demand. Traders indicate that the current export trade of cumin is low, and local demand is also restricted, reducing the likelihood of a significant price increase. Additionally, the new crop from China has started entering the market, with export shipments expected to begin in about fifteen days, which may further impact the demand for Indian cumin.
Today, approximately 20,000 bags of cumin arrived at the Unjha market. Prices for rough cumin were quoted at Rs 4800-5000 per 20 kg, the best quality cumin was priced at Rs 5400-5500 per 20 kg, and Bombay Bold cumin fetched Rs 5450-5550 per 20 kg. Across Gujarat, the total arrival was around 27,000 bags.
In Gondal Mandi, 892 bags of cumin were traded at Rs 5351-5551. Meanwhile, Rajkot Mandi saw an arrival of around 1500 bags, with prices ranging from Rs 4600-5600 per 20 kg.
The increased arrivals and limited demand have kept cumin prices stable, with traders watching closely for any changes in the market dynamics, particularly with the upcoming exports of the new Chinese crop.
Jeeraunjha contract for JUN delivery settled at Rs 28550/quintal showing an fall of Rs -430 over previous close of Rs 28980/quintal,The contract moved in the range of Rs 28550-29250 for the day. Open interest decreased by -135 MT to 198 MT, while trading volume decreased by -105 to 165 MT.
Jeeraunjha contract for JUL delivery settled at Rs 28240/quintal showing an fall of Rs -55 over previous close of Rs 28295/quintal,The contract moved in the range of Rs 27920-28400 for the day. Open interest increased by 156 MT to 3291 MT, while trading volume decreased by -339 to 660 MT.
Jeeraunjha contract for AUG delivery settled at Rs 27620/quintal showing an fall of Rs -130 over previous close of Rs 27750/quintal,The contract moved in the range of Rs 27620-27620 for the day. Open interest increased by 15 MT to 129 MT, while trading volume was simillar by 0 to 24 MT
Currently The spread between JUN and JUL contract is 310 Rs/quintal.
Currently The spread between JUL and AUG contract is 620 Rs/quintal.
Currently The spread between JUN and AUG contract is 930 Rs/quintal
JeeraUnjha stock in NCDEX accredited warehouse as on 19-Jun-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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