Mumbai, May 7 (Commodities Control): Coriander spot prices remained steady across key markets, while coriander mandis remained closed in Gujarat due to the general election. The stability in prices can be attributed to the combination of low arrivals and subdued demand, particularly in the export segment. The market trend is characterized by stagnant local demand and sluggish export trade, posing challenges for price movement.
With coriander mandis closed in Gujarat for the general election, the market has experienced limited activity, contributing to the overall stability in prices. Total arrivals stand at 9,500 bags, each weighing 40 kilograms.
Dhaniya contract for MAY delivery settled at Rs 7312/quintal showing an fall of Rs -14 over previous close of Rs 7326/quintal,The contract moved in the range of Rs 7234-7356 for the day. Open interest decreased by -1180 MT to 16105 MT, while trading volume decreased by -1555 to 2150 MT.
Dhaniya contract for JUN delivery settled at Rs 7410/quintal showing an fall of Rs -6 over previous close of Rs 7416/quintal,The contract moved in the range of Rs 7340-7450 for the day. Open interest increased by 1350 MT to 13365 MT, while trading volume decreased by -1115 to 2530 MT.
Currently The spread between MAY and JUN contract is -98 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 07-May-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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