Ahmedabad, July 22 (CommoditiesControl): Coriander prices in Gujarat have risen by Rs 10-15 per 20 kg today. Traders attribute this increase to heightened inquiries and perceived demand, though the true driver is the influx of damp coriander due to recent heavy rains in Saurashtra.
Last week’s significant rainfall, particularly in Porbandar and Khambhalia—key coriander arrival centers—has led to a higher proportion of damp goods entering the market. As a result, there is a growing demand for better quality coriander, pushing prices upward. The market's direction will depend on sales trends over the coming days.
Today, Gujarat saw an arrival of around 6100 bags of coriander, with state prices averaging between Rs 1310 and Rs 1510 per 20 kg.
In Gondal Mandi, 3620 out of 4000 arriving bags were traded, with prices ranging from Rs 1351 to Rs 1581 per 20 kg. Rajkot Mandi, which saw the arrival of 900 bags, reported trades between Rs 1100 and Rs 1409 per 20 kg. Additionally, Junagadh Mandi received 250 bags, Jetpur Mandi 300 bags, and Jamjodhpur Mandi 100 bags, with 500 bags arriving from other areas.
Dhaniya contract for AUG delivery settled at Rs 7210/quintal showing an rise of Rs 26 over previous close of Rs 7184/quintal,The contract moved in the range of Rs 7164-7238 for the day. Open interest increased by 29860 MT to 29865 MT, while trading volume increased by 1165 to 1170 MT.
Dhaniya contract for SEP delivery settled at Rs 7300/quintal showing an rise of Rs 18 over previous close of Rs 7282/quintal,The contract moved in the range of Rs 7270-7320 for the day. Open interest decreased by -28820 MT to 1550 MT, while trading volume decreased by -1210 to 610 MT.
Currently The spread between AUG and SEP contract is -90 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 22-Jul-2024, was 15877 MT.
(By Commoditiescontrol Bureau: +91 9820130172)
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