Ahmedabad, February 15, 2024 (CommoditiesControl): Despite the ongoing harvest season, there was no significant surge in the arrival of new coriander in the market today. The prices have managed to stay stable, but demand has been adversely affected by the high moisture content in the harvested coriander.
Today, around 39,000 bags of coriander, each weighing 40 kg, arrived in the state, with about 5,100 bags comprising old coriander. The prices for new coriander ranged between Rs 1100-1700 per 20 kg, while old coriander traded at Rs 1225-1400 per 20 kg.
The moisture content in the new coriander has led to a decrease in demand from buyers. Farmers and traders are optimistic that with the imminent arrival of dry goods in the upcoming days, the market trends might witness an improvement, leading to increased demand for coriander.
In Gondal, the price of new coriander ranged from Rs 1451-2026, correlating with an arrival of 17,000 bags. Other key centers reported arrivals as follows: 4,000 bags in Halvad, 3,500 bags in Rajkot, 800 bags in Jetpur, 2,500 bags in Jamjodhpur, 400 bags in Junagadh, 1,200 bags in Amreli, and around 3,200 bags in other mandis.
Meanwhile, in Guna Mandi of Madhya Pradesh, the arrival of coriander remained normal. Interestingly, there was a noticeable increase in the prices of good quality coriander seeds, while the prices of coriander remained steady in Kumbhraj Mandi of the state.
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Dhaniya contract for APR delivery settled at Rs 7528/quintal showing an rise of Rs 24 over previous close of Rs 7504/quintal,The contract moved in the range of Rs 7460-7588 for the day. Open interest increased by 105 MT to 21085 MT, while trading volume decreased by -290 to 1075 MT.
Dhaniya contract for MAY delivery settled at Rs 7608/quintal showing an rise of Rs 12 over previous close of Rs 7596/quintal,The contract moved in the range of Rs 7532-7650 for the day. Open interest increased by 85 MT to 1320 MT, while trading volume decreased by -70 to 130 MT
Currently The spread between APR and MAY contract is -80 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 15-Feb-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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