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Cumin Seed Commodity Prices

(Indicative Cumin Machine Cleaned Prices in US$ PMT FOB port, India)

29th Aug - US$ 2750-2825
The cumin remained on the same level. The sept. and oct. futures after dropping down yesterday were once again up by approx. 1% and 1.3% respectively. With the sept. futres quoting quite below the spot market, shipments for sept. end can be offered by around $ 100-125 less than present rates.

27th Aug - US$ 2750-2825
Though cumin seed was down in the spot market it went up in the futures market. Cumin and pepper tend to move in tandem. The pepper prices too have shown the drop.

25th Aug - US$ 2825-2900
Though the present prices of cumin seed were down, the Sept and Oct. futures were up by around 0.5% and 0.6% respectively. The festive season ahead can lift up cumin

22nd Aug - US$ 2850-2950
Though the cumin was weak in the local market due to lack of demand the appreciation of rupee kept in on the same level for exports. Right now cumin is trading at discount in the futures market to its spot prices..

20th Aug - US$ 2850-2950
The lower demand and depriciating rupee both pulled the cumin prices down. The Sep and Oct commodity futures too were down by approx. 3.5% & 3.8% respectively.

19th Aug - US$ 2900-3000
The expected export demand for cumin seed lifted it up. The future prices too showed the positive sentiments. The festive season ahead in India and Middle-east is giving hope for better realisations to traders.

18th Aug - US$ 2850-2950
The cumin prices showed drop mainly because of depriciating rupee.

14th Aug - US$ 2900-3000
The cumin seed reamined almost on the same level.

12th Aug - US$ 2900-3000
The declining demand kept the cumin prices on lower side. With festive season ahead in India and Middle-east the demand is expected to get lifted up. The future prices too were down during the period.

8th August - US$ 3000-3100
Best Machine cleaned - US$ 3400-3500

5th August - US$ 3000-3100
As expected the cumin prices were up mainly due to lower supply on depressed prices. Indian jeera is right now more competitive than Syria offering at 3400-3600. This year Syria is reported to have lower crop. The cumin prices are further expected to jump up as export buying will take momentum this month..

4th August - US$ 2975-3050
The cumin prices showed the decline on lack of overseas demand. Thus the local market was going slow with less interest by exporters. The cumin may prop up as this month may see good purchase from Middle-east for the month of Ramadan

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