Ahmedabad, December 11 (CommoditiesControl): Coriander prices in Gujarat remain stable due to sluggish local and export demand. Traders indicate that the market will likely only see support if export demand picks up. Currently, there is no significant reason for a price rise, as the situation remains steady.
It is expected that the picture regarding coriander sowing will become clearer in the next 15-20 days. Additionally, the ongoing wedding season has resulted in lower selling from farmers, contributing to a decline in coriander arrivals over the past several days. As a result, prices have remained stable due to a lack of demand.
Today, around 7,000 bags of coriander, each bag weighing 40 kg, arrived in Gujarat. The average price for coriander in the state was quoted between Rs 1360 and Rs 1560 per 20 kg.
In Gondal Mandi, 3,835 bags were traded at Rs 1450-1560 per 20 kg, against an arrival of 3,500 bags. Rajkot Mandi saw 700 bags traded at Rs 1370-1530 per 20 kg, with an arrival of 700 bags. Moreover, arrivals of 1000 bags in Junagadh mandi, 300 bags in Jetpur mandi, 400 bags in Jamjodhpur mandi and another 500 bags in other mandis noted.
Overall, the lack of significant demand continues to weigh on the coriander market, leaving prices steady in the short term.
Dhaniya contract for DEC delivery settled at Rs 7786/quintal showing an fall of Rs -2 over previous close of Rs 7788/quintal,The contract moved in the range of Rs 7752-7800 for the day. Open interest decreased by -460 MT to 8140 MT, while trading volume decreased by -1130 to 730 MT.
Dhaniya contract for JAN delivery settled at Rs 7926/quintal showing an fall of Rs -14 over previous close of Rs 7940/quintal,The contract moved in the range of Rs 7902-7960 for the day. Open interest increased by 190 MT to 17530 MT, while trading volume decreased by -1955 to 1015 MT.
Currently The spread between DEC and JAN contract is -140 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 11-Dec-2024, was 4989 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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