Ahmedabad, April 30 (CommoditiesControl): The cumin market in Gujarat maintained a bullish trend today, driven by local demand amid the spice season. Limited arrivals contributed to the price surge, although export demand for cumin remains subdued at present.
With fewer new inquiries, a significant price hike is not anticipated currently. Buyers are exercising caution in view of the potential for a large crop in China in the upcoming season, procuring only necessary quantities.
Today, cumin prices in the state witnessed a rise of Rs 50 per 20 kg. This follows a similar improvement observed on Monday, resulting in a cumulative increase of Rs 100 per 20 kg over the past two days.
In the Unja mandi, around 20,000 bags arrived today. Rough cumin was priced at Rs 3800-4100 per 20 kg, while the best quality commanded Rs 4500-4700 per 20 kg. Bombay Bold variety was quoted at Rs 4700-5500 per 20 kg.
In Gondal Mandi, prices ranged from Rs 4291 to Rs 4481 per 20 kg against the arrival of 625 bags. Similarly, in Rajkot Mandi, where around 1200 bags were received, prices were reported at Rs 3850-4490 per 20 kg.
Jeeraunjha contract for MAY delivery settled at Rs 23260/quintal showing an rise of Rs 725 over previous close of Rs 22535/quintal,The contract moved in the range of Rs 22650-23800 for the day. Open interest decreased by -351 MT to 1830 MT, while trading volume increased by 1704 to 2298 MT.
Jeeraunjha contract for JUN delivery settled at Rs 22830/quintal showing an rise of Rs 680 over previous close of Rs 22150/quintal,The contract moved in the range of Rs 22250-23350 for the day. Open interest increased by 267 MT to 1401 MT, while trading volume increased by 900 to 1179 MT
Jeeraunjha contract for JUL delivery settled at Rs 22800/quintal showing an fall of Rs -250 over previous close of Rs 23050/quintal,The contract moved in the range of Rs 22800-22800 for the day. Open interest increased by 3 MT to 3 MT, while trading volume increased by 3 to 3 MT.
Currently The spread between MAY and JUN contract is 430 Rs/quintal.
Currently The spread between JUN and JUL contract is 30 Rs/quintal.
Currently The spread between MAY and JUL contract is 460 Rs/quintal.
JeeraUnjha stock in NCDEX accredited warehouse as on 30-Apr-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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