New Delhi, April 12 (Commodities Control): The coriander market in Gujarat continues to experience a soft trend, with traders showing restraint in large-scale purchases, opting to buy only as per immediate requirements. Consequently, the price of coriander in the state has witnessed a downward trend, dipping by Rs 10 per 20 kg today.
Traders attribute this subdued market sentiment to sluggish export trade and a lack of interest in purchasing new stock due to the presence of substantial quantities of old stock. The arrival of good quality produce is being noted in the mandis, while spice companies are expected to delay significant purchases for at least the next fifteen days.
Today, around 33,000 sacks of coriander, each weighing 40 kg, arrived in the state. The average price of coriander ranged between Rs 1380-1580 per 20 kg.
Looking ahead, traders anticipate fresh arrivals in Gondal Mandi tomorrow, Saturday. Today's trading in Gondal Mandi saw approximately 25,000 bags being traded at prices ranging from Rs 1561-1901. In Rajkot Mandi, where 5500 bags were reported, prices ranged from Rs 1280-1740.
Today, 3000 sacks arrived in Halvad, 2100 sacks in Jetpur, 7000 sacks in Jamjodhpur, 5600 sacks in Junagadh, 600 sacks in Amreli, 3000 sacks in Jamnagar, 1200 sacks in Dhangadhra, and another 3000-5000 sacks in other mandis.
Shifting focus to Madhya Pradesh, where markets reopened today after holidays, a notable increase in arrivals was observed, consequently impacting market prices. In Guna Mandi, 20,000 bags arrived and prices of Badami quoted at Rs 6500/6800 (-600), Scooter at Rs 7500/8000 (-400), and Eagle at Rs 7000/7200 (-500). Similarly, in Kumbhraj Mandi, arrival of 25,000 bags reported with prices of Badami at Rs 6300/6600 (-200), Eagle at Rs 6600/6900 (-300), and Scooter at Rs 7200/7700 (-100).
Dhaniya contract for APR delivery settled at Rs 7370/quintal showing an fall of Rs -64 over previous close of Rs 7434/quintal,The contract moved in the range of Rs 7292-7470 for the day. Open interest decreased by -2430 MT to 2060 MT, while trading volume increased by 1130 to 5805 MT.
Dhaniya contract for MAY delivery settled at Rs 7480/quintal showing an fall of Rs -58 over previous close of Rs 7538/quintal,The contract moved in the range of Rs 7412-7570 for the day. Open interest increased by 2975 MT to 26030 MT, while trading volume increased by 1150 to 7360 MT.
Currently The spread between APR and MAY contract is -110 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 12-Apr-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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