Ahmedabad, December 4 (CommoditiesControl): Gujarat's coriander market has experienced a slowdown due to reduced selling and a lack of significant demand, leading to price stability over the past two days.
Traders indicate that the market is unlikely to see a significant rise at this point, as it largely depends on the volume of sales. If futures prices increase, there may be some support in the spot market, but otherwise, no notable factors are influencing price movement.
Today, 9,000 bags of coriander, each bag weighing 40 kg, arrived in Gujarat. The average price in the state ranged between Rs 1,370 and Rs 1,570 per 20 kg.
At various mandis in Gujarat:
- Gondal Mandi: 4,220 bags traded at Rs 1,451-1,561 per 20 kg, with an arrival of 4,000 bags.
- Rajkot Mandi: 500 bags traded at Rs 1,290-1,530 per 20 kg, with an arrival of 500 bags.
- Junagadh Mandi: 2,200 bags traded.
- Jetpur Mandi: 200 bags traded.
- Jamjodhpur Mandi: 550 bags traded.
- Other mandis also saw arrival of 600 bags.
Dhaniya contract for DEC delivery settled at Rs 7812/quintal showing an fall of Rs -18 over previous close of Rs 7830/quintal,The contract moved in the range of Rs 7776-7898 for the day. Open interest decreased by -505 MT to 10785 MT, while trading volume increased by 2040 to 3415 MT.
Dhaniya contract for JAN delivery settled at Rs 7960/quintal showing an rise of Rs 20 over previous close of Rs 7940/quintal,The contract moved in the range of Rs 7896-8050 for the day. Open interest increased by 1340 MT to 15205 MT, while trading volume increased by 1675 to 3080 MT.
Currently The spread between DEC and JAN contract is -148 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 04-Dec-2024, was 4759 MT.
(By Commoditiescontrol Bureau; +91 98201 3018)
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