Ahmedabad, April 5, 2024 (CommoditiesControl): Coriander arrivals in Gujarat have been witnessing a continuous decline, with farmers holding onto their produce, resulting in limited arrivals in the market. Around 60-65 percent of the coriander crop has already made its way to the market in Gujarat. With reduced arrivals and limited demand, the prices of coriander have remained stable in the state.
Key traders from Gondal suggest that inquiries for exports have been noted over the past few days, hinting at a potential rise in the market as export trade gains momentum in the coming days. Additionally, with the onset of the spice season, there is anticipation of increased local demand for coriander.
Today, around 30,000 bags of coriander (with each bag weighing 40 kg) arrived in the state. Prior to this, the average price of coriander remained stable, ranging between Rs 1420-1620 per 20 kg.
In Gondal Mandi on Tuesday, out of 17,000 bags pending, transactions occurred within the range of Rs 1651-2201. Similarly, in Rajkot Mandi, where 4,000 bags arrived, the price ranged between Rs 1340-1911.
Other notable arrivals include 1,500 sacks in Halvad, 200 sacks in Dhangadhra, 800 sacks in Jetpur, 10,500 sacks in Jamjodhpur, 2,500 sacks in Junagadh, 800 sacks in Amreli, and 4,000 sacks in Jamnagar, with an additional 5,000 sacks sourced from nearby areas.
In Kumbhraj Mandi of Madhya Pradesh, coriander prices have also remained stable, with ongoing arrivals. Badami variety was priced at Rs 5900/6900, Eagle at Rs 7100/7300, Scooter at Rs 7700/8100, with an arrival of 20,000 bags. The Guna market remained closed due to a local event.
Dhaniya contract for APR delivery settled at Rs 7764/quintal showing an fall of Rs -130 over previous close of Rs 7894/quintal,The contract moved in the range of Rs 7690-7910 for the day. Open interest decreased by -1610 MT to 10495 MT, while trading volume increased by 1380 to 3375 MT.
Dhaniya contract for MAY delivery settled at Rs 7846/quintal showing an fall of Rs -132 over previous close of Rs 7978/quintal,The contract moved in the range of Rs 7782-7960 for the day. Open interest increased by 1775 MT to 16950 MT, while trading volume increased by 1345 to 3955 MT.
Currently The spread between APR and MAY contract is -82 Rs/quintal
Dhaniya stock in NCDEX accredited warehouse as on 05-Apr-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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