Spices: Cumin futures will set big
August 24, 2017 at 6:32 AM ,
Rainbow Exports
Spice Market Information & News
Cumin Seeds:
The arrival of cumin in the mandis of Gujarat including Unjha is about 4500 bags new arrival and repeated sale is 5000 bags. Total was 9500 bags arrival report. Overall 18000 bags reported in different markets. On the NCDEX market on Wednesday, price has gone up so much. Cumin is up in physical market. Cumin futures can reach up to US$3500 per quintal by Diwali i.e. October 2017. They say that this time the sell-out is going on in cumin and after this period of stoppage there will be a better lead in the cumin seed. There is a better demand of Bangladesh in Indian Cumin. In the past, China has also bought Indian cumin in a large quantity for three to four weeks but due to the increase in the prices, slow down purchase. Bangladesh bought Indian cumin at $ 2900-3000 per tonne.
There is pressure of selling has remained in the zero. With rainy season, farmers and businessmen are benefiting from one to one and half % of moisture. Apart from this, hedgers are selling off the cumin futures as they are making huge profits in the cumin seed. After the completion of this sale, there will be a lot of increase in the demand for domestic demand in Cumin.
Coriander Seeds:
In the Baran mandi of Rajasthan, arrival reported about 3500 bags and the price has increased due fuure market has increased and also there is demand for local market due to festival season. International and domestic market, demand has increased due to that market is up. Spot market prices are up side. Coriander futures market has increased. Market is getting better and up. Arrival in Rajasthan: Ramganj mandi, Kota, Baran, Gujrat, Gondal, Junagadh total arrival reported about 7000 bags.
Fenugreek Seeds:
Market is down. There is no local demand and International demand has reduced since last two days. Market is down little only.
Millet / Yellow-Green Bajra:
Price is down; there is no demand for exports as well as local market. Arrival are more in the market.
Kalonji / Black Seeds:
Prices are up. There is demand for exports as well as local market. There is also demand for Essential Oils producers.
Mustard Seeds:
Prices are up. The effect of the same is due to import oil duty increase continued. There is local demand for oils due to festival season.
Fennel Seeds:
Prices are stable; there is demand from local and exports market but buyer doesn’t want to pay higher prices. Arrivals reported higher than previous day in Unjha market yard.
Flax Seeds:
Prices are stable for machine cleaned and sortex cargo. There is demand reported for exports as well as local market due to festival and due to import duty on edible oil.
Dill Seeds:
Prices are down. There is no demand from international and domestic market.
Ajuwain Seeds/ Aniseeds:
Prices are stable. There is no demand from local as well as exports market.
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