Ahmedabad, April 10 (Commodities Control): The coriander market in Gujarat exhibited stability in prices today, owing to subdued demand within the state. A combination of financial constraints and stock-related issues in the spice commodity sector has led to reduced demand for coriander this year, with consumers shifting focus towards gram. Consequently, the coriander market is experiencing a lack of support due to decreased purchases from spice companies.
Today, around 30,000 bags of coriander, each bag weighing 40 kg, were recorded in the state. Prior to this, the average price of coriander remained steady at Rs 1,380-1,580 per 20 kg.
In Gondal Mandi, 80,000 bags arrived on Saturday, with ongoing trading and anticipation of new arrivals in the coming days. Of the 25,000 pending bags in Gondal Mandi, 8,510 bags were traded at Rs 1,561-1,926. In Rajkot mandi, 7,000 bags were available, with prices ranging from Rs 1,300 to Rs 1,781.
Additional arrivals were noted in various locations, including 3,000 sacks in Halvad, 2,500 sacks in Jetpur, 7,800 sacks in Jamjodhpur, 2,800 sacks in Junagadh, 1,000 sacks in Amreli, 3,500 sacks in Jamnagar, and an estimated 7,000-9,000 sacks in surrounding areas.
In Madhya Pradesh's Guna Mandi, coriander prices remained stable despite a decline in arrivals. Badami coriander was priced at Rs 7,000-7,400, Scooter variety at Rs 7,600-8,400, and Eagle variety at Rs 7,400-7,700. Total arrivals amounted to 15,000 bags, a decrease of 5,000 bags compared to the previous season.
Similarly, stability was observed in the Kumbhraj Mandi, where Badami coriander was priced at Rs 6,500-6,800, Eagle variety at Rs 6,800-7,200, and Scooter variety at Rs 7,400-7,800. Today's arrivals were lower due to existing stock in the market.
Dhaniya contract for APR delivery settled at Rs 7428/quintal showing an fall of Rs -132 over previous close of Rs 7560/quintal,The contract moved in the range of Rs 7402-7598 for the day. Open interest decreased by -2140 MT to 4490 MT, while trading volume increased by 1120 to 4675 MT
Dhaniya contract for MAY delivery settled at Rs 7526/quintal showing an fall of Rs -130 over previous close of Rs 7656/quintal,The contract moved in the range of Rs 7504-7700 for the day. Open interest increased by 2235 MT to 23055 MT, while trading volume increased by 1830 to 6210 MT.
Currently The spread between APR and MAY contract is -98 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 10-Apr-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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