- Volume NIL in cumin futures, many arguments without opening the price

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Ahmedabad / Unza, Ta. 17 August 2020, Monday

Nowadays, due to the impact of rains and corona, the domestic and foreign demand for cumin is sluggish in the spot markets, while speculators are speculating that there may be a move behind the unexpected rise in cumin futures. Especially in the case of cumin futures, two-three days before the cut, the volume of August futures turned blue (zero) and the prices did not open, which became the first case in the trading class with many arguments.

The cumin market in Unjha is currently trading at around 10,000 to 12,000 medium sacks. Due to heavy rains in North India and Saurashtra, the demand for cumin is also declining due to the impact of corona.

With cumin futures still two-three days away from the August cut, the volume blue in August futures has not opened and prices have become controversial for the first time. Cumin has blue volume in August and next September futures will have a volume of about 50 tonnes, with the September futures opening at Rs 15,100 and Rs 150. It had closed at around Rs 15 per quintal.

In other words, there is talk of an attempt to increase the price by Rs 50 to Rs 200 per quintal during the day. There are fears in the market that the speculators are making desperate efforts to boost cumin futures for no reason.


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