Ahmedabad, August 06 (CommoditiesControl): Gondal Mandi, the main center for coriander arrival, reopened today after being closed for the past two days, resulting in the arrival of over 6,000 bags of coriander. Across the entire Saurashtra region, more than 11,000 bags of coriander arrived today. However, due to a lack of demand, both local and export, prices declined by Rs 10 per 20 kg.
Traders attribute the price drop to the surplus arrival of coriander and weak demand. There is significant pressure on prices due to the large amount of old stock that farmers and stockists are bringing to the market. In Gujarat, around 11,200 bags of coriander arrived today, with the average price remaining stable at Rs 1,310-1,510 per 20 kg. It is noteworthy that for several days, coriander arrivals ranged between 5,000-6,000 bags, but today's arrival numbers have doubled.
In Gondal Mandi, 6,000 bags of coriander arrived, with 4,210 bags traded at Rs 1,341-1,591 per 20 kg. In Rajkot Mandi, out of 1,450 bags that arrived, trading occurred at Rs 1,200-1,495 per 20 kg. Junagadh Mandi saw the arrival of 1,700 bags, Jetpur Mandi had 350 bags, and Jamjodhpur Mandi received 900 bags. The remaining arrival of 800 bags noted in other mandis.
Dhaniya contract for AUG delivery settled at Rs 7002/quintal showing an fall of Rs -66 over previous close of Rs 7068/quintal,The contract moved in the range of Rs 6960-7098 for the day. Open interest decreased by -1170 MT to 15770 MT, while trading volume decreased by -250 to 3060 MT.
Dhaniya contract for SEP delivery settled at Rs 7096/quintal showing an fall of Rs -68 over previous close of Rs 7164/quintal,The contract moved in the range of Rs 7060-7194 for the day. Open interest increased by 1400 MT to 16235 MT, while trading volume decreased by -120 to 3330 MT.
Currently The spread between AUG and SEP contract is -94 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 06-Aug-2024, was 16255 MT
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(By Commoditiescontrol Bureau: +91 9820130172)
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