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Coriander Prices Surge in Guna Mandi Despite Decline in Arrival

21 May 2024 3:07 pm
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Mumbai, May 21 (Commodities Control): In Guna Mandi, coriander prices defied expectations as they surged by a notable Rs 200, despite a decline in arrivals. This upward momentum mirrored a concurrent rise in the NCDEX, signaling a prevailing bullish sentiment within the market.

Conversely, the trend in Kumbhraj Mandi painted a different picture today, with a noticeable downturn. However, even amidst this challenging scenario, the NCDEX experienced an increase of approximately Rs 70-80. This optimistic trend resonated within the market, triggering a significant Rs 100 uptick.




Dhaniya contract for JUN delivery settled at Rs 7670/quintal showing an rise of Rs 216 over previous close of Rs 7454/quintal,The contract moved in the range of Rs 7462-7710 for the day. Open interest decreased by -565 MT to 27165 MT, while trading volume increased by 5535 to 7730 MT.

Dhaniya contract for JUL delivery settled at Rs 7762/quintal showing an rise of Rs 206 over previous close of Rs 7556/quintal,The contract moved in the range of Rs 7582-7790 for the day. Open interest decreased by -25975 MT to 1755 MT, while trading volume increased by 540 to 2735 MT

Currently The spread between JUN and JUL contract is -92 Rs/quintal.



       
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