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Slowdown in Coriander Market Due to Off Season, Prices Remain Stable

11 Nov 2024 4:59 pm
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Ahmedabad, November 11 (CommoditiesControl): The coriander market in Gujarat has experienced a slowdown due to the ongoing off-season, resulting in minimal activity and stable prices. The lack of significant demand both domestically and in exports has led to reduced arrivals and transactions across the state’s markets.

Today, approximately 9,200 bags of coriander, each bag weighing 40kg, were reported in the state. The average coriander price ranged from ₹1,350 to ₹1,530 per 20 kg, reflecting stability in the market due to limited trading volume and muted market dynamics.

In the Gondal market, an arrival of 4,000 bags saw trades conducted between ₹1,401 and ₹1,601 per 20 kg. Similarly, the Rajkot Mandi received 1,200 bags, with prices recorded between ₹1,300 and ₹1,555 per 20 kg. Other market arrivals included 2,100 bags in Junagadh Mandi, 200 bags in Jetpur Mandi, and 900 bags in Jamjodhpur Mandi, alongside smaller quantities in other locations.

Market experts note that future price movements will largely depend on the upcoming coriander sowing data, with growers and traders anticipating clearer trends once the new season arrives.

Dhaniya contract for NOV delivery settled at Rs 6962/quintal showing an fall of Rs -80 over previous close of Rs 7042/quintal,The contract moved in the range of Rs 6962-7064 for the day. Open interest decreased by -2680 MT to 9830 MT, while trading volume increased by 45 to 4005 MT.

Dhaniya contract for DEC delivery settled at Rs 7278/quintal showing an fall of Rs -28 over previous close of Rs 7306/quintal,The contract moved in the range of Rs 7250-7348 for the day. Open interest increased by 2200 MT to 15965 MT, while trading volume decreased by -365 to 3780 MT.

Currently The spread between NOV and DEC contract is -316 Rs/quintal.

Dhaniya stock in NCDEX accredited warehouse as on 11-Nov-2024, was 7656 MT


(By Commoditiescontrol Bureau: +91 9820130172)






       
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