Ahmedabad, May 2 (CommoditiesControl): The coriander market in Gujarat experienced a slowdown in its upward trend due to limited demand, that resulted in a decline of Rs 10 per 20 kg in the spot market today.
Coriander traders indicate that while the arrival of coriander has stabilized, with around 20,000 bags arriving from across Gujarat, farmers are now selling their produce based on immediate requirements. However, if coriander prices improve in the coming days, there may be a slight uptick in sales.
Today, arrival of around 16,500 sacks of coriander, each sack weighing 40 kg, recorded in Saurashtra. Prior to this, the average price of coriander stood steady at Rs 1360-1560 per 20 kg.
In Gondal Mandi, coriander traded at Rs 1481-1821 against the arrival of 7,616 bags, while in Rajkot Mandi, prices ranged from Rs 1150-1550 with an arrival of 2,500 bags.
Other notable arrivals include 900 sacks in Halvad, 600 sacks in Jetpur, 1,000 sacks in Jamjodhpur, 1,100 sacks in Junagadh, 400 sacks in Amreli, and 700 sacks in Jamnagar, with an additional 2,000-2,200 sacks reported in other mandis.
Dhaniya contract for MAY delivery settled at Rs 7380/quintal showing an fall of Rs -50 over previous close of Rs 7430/quintal,The contract moved in the range of Rs 7372-7480 for the day. Open interest decreased by 715 MT to 19880 MT, while trading volume decreased by -515 to 2610 MT.
Dhaniya contract for JUN delivery settled at Rs 7474/quintal showing an fall of Rs -48 over previous close of Rs 7522/quintal,The contract moved in the range of Rs 7452-7568 for the day. Open interest increased by 1215 MT to 9320 MT, while trading volume increased by 310 to 2435 MT.
Currently The spread between MAY and JUN contract is -94 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 30-Apr-2024, was NA MT
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