Ahmedabad, April 25 (CommoditiesControl): The coriander market in Gujarat witnessed a notable increase in prices today, rising by Rs 10-15 per 20 kg due to increased demand. Despite a slowdown in arrivals, both export and local demand have increased prices.
Traders note that while the arrival of coriander has decreased, stockists estimate a substantial stock of around 60 lakh bags. The anticipation of price increases has led stockists to hold onto their inventories, waiting for opportune moments to enter the market. Any slight uptick in prices could potentially trigger increased selling activity.
Today, around 20,000 bags, each weighing 40 kg, of coriander arrived in the state. Despite this, the average price of coriander remained stable at Rs 1390-1590 per 20 kg.
At Gondal Mandi, where 6,000 bags arrived with around 20,000 bags pending, 12,077 bags were traded at prices ranging from Rs 1501 to 1876. Meanwhile, Rajkot Mandi recorded an arrival of 3,500 bags, with prices ranging from Rs 1375 to 1780.
Other mandis also saw arrivals, with 1,500 bags in Halvad, 700 bags in Jetpur, 2,100 bags in Jamjodhpur, 2,000 bags in Junagadh, 500 bags in Amreli, 1,200 bags in Jamnagar, and 2,500-2,700 bags in various other locations.
Dhaniya contract for MAY delivery settled at Rs 7522/quintal showing an fall of Rs -70 over previous close of Rs 7592/quintal,The contract moved in the range of Rs 7452-7660 for the day. Open interest decreased by -1040 MT to 23550 MT, while trading volume increased by 1305 to 2885 MT.
Dhaniya contract for JUN delivery settled at Rs 7634/quintal showing an fall of Rs -38 over previous close of Rs 7672/quintal,The contract moved in the range of Rs 7544-7734 for the day. Open interest increased by 1280 MT to 4050 MT, while trading volume increased by 1205 to 1835 MT.
Currently The spread between MAY and JUN contract is -112 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 25-Apr-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
