Ahmedabad, April 15 (CommoditiesControl): The coriander market in Gujarat witnessed a significant reduction in selling activity today, as farmers refrained from bringing goods to mandis across Saurashtra due to the possibility of unseasonal rain in the state.
Consequently, a sense of sluggishness prevailed the markets. Despite this, the lack of demand for coriander kept prices stable. Stockists remained disinterested in stocking coriander even at current prices, with traders suggesting that only if prices drop to around Rs 7,000 per quintal, a few stockists may consider purchasing.
Traders in Gondal expressed hope that the market could receive support if export business picks up, facilitating purchases from spice companies. However, prospects for a significant price surge appear dim at present.
Today, around 15,000 bags of coriander, each weighing 40 kg, arrived in the state, with the average price remaining stable at Rs 1,360-1,560 per 20 kg.
In Gondal Mandi, 70,000 bags arrived on Saturday, with 50,000 bags pending. Today, these were traded at Rs 1,551-1,851. In Rajkot mandi, 3,000 bags arrived, with prices ranging from Rs 1,280 to Rs 1,751.
Across other mandis, the following arrivals were observed: 1,000 sacks in Halvad, 500 sacks in Jetpur, 1,500 sacks in Jamjodhpur, 2,200 sacks in Junagadh, 600 sacks in Amreli, 1,000 sacks in Jamnagar, 200 sacks in Dhangadhra, and an additional 4,000-5,000 sacks in other mandis.
In Guna Mandi of Madhya Pradesh, coriander prices remained stable, but the arrival declined. Prices for various varieties were recorded as follows: Badami - Rs 6,500/6,800, Scooter - Rs 7,500/8,000, and Eagle - Rs 7,000/7,200, with a total arrival of 15,000 bags.
However, in Kumbhraj Mandi, prices and arrivals showed an increase. Badami was priced at Rs 6,500/6,800 (+200), Eagle at Rs 7,000 (+100), Scooter at Rs 7,500/7,800 (+100), with a total arrival of 40,000 bags. The market, having resumed after holidays, witnessed increased arrivals and good buying activity, lending a bullish sentiment to the market.
Dhaniya contract for APR delivery settled at Rs 7328/quintal showing an was simillar of Rs 0 over previous close of Rs 7328/quintal,The contract moved in the range of Rs 7292-7470 for the day. Open interest decreased by -1145 MT to 915 MT, while trading volume decreased by -5525 to 280 MT.
Dhaniya contract for MAY delivery settled at Rs 7440/quintal showing an fall of Rs -2 over previous close of Rs 7442/quintal,The contract moved in the range of Rs 7390-7510 for the day. Open interest increased by 110 MT to 26140 MT, while trading volume decreased by -5610 to 1750 MT.
Currently The spread between APR and MAY contract is -112 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 15-Apr-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
