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Ahmedabad, May 11 (CommoditiesControl): Coriander finds itself in a bearish market scenario. The financial crisis gripping the sector has left many coriander traders in a state of tough situation, contributing to a lack of selling pressure in the market. Despite the typical seasonal arrival of coriander in Gujarat during May, the prevailing financial constraints have dampened buyer enthusiasm, resulting in a stability in the state's market.
Projections suggest a potential production of 40 lakh bags of coriander in Gujarat this year, with around 32 to 33 lakh bags already having made their way to market. Farmers, it is estimated, may still hold a stock of around five lakh bags. However, the export demand for coriander remains subdued compared to the previous year. Presently, coriander for export through Mundra port is trading at Rs 76-77 per kg.
Today, Saurashtra witnessed the arrival of around 14,100 sacks of coriander, each bag weighing 40 kg, contributing to a total arrival of 17,000 sacks across Gujarat. The average price of coriander stood at Rs 1,350-1,550 per 20 kg.
In specific mandis, trading activity was recorded as follows: in Gondal Mandi, 6,000 bags arrived and traded within the range of Rs 1,451-1,851, while in Rajkot Mandi, 2,000 bags arrived and quoted at prices ranging from Rs 1,250 to Rs 1,550.
The day also saw arrivals in other key mandis across the region, with 1,000 sacks arriving in Halvad, 400 sacks in Jetpur, 1,350 sacks in Jamjodhpur, 900 sacks in Junagadh, 150 sacks in Amreli, and 400 sacks in Jamnagar. Additionally, around 1,700-1,900 sacks arrived in other mandis.
(By CommoditiesControl Bureau: +91-9820130172)
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