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Gujarat's Coriander Market Holds Steady Amid Off-Season

20 Jan 2025 4:52 pm
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Ahmedabad, 20 January (CommoditiesControl): Gujarat’s coriander market remained stable today, with prices showing little to no movement due to off-season conditions. Traders reported that the demand for coriander was in line with the arrivals, and there were no significant price changes observed.

Local demand has been subdued, and traders mentioned that the off-season had contributed to the quieter trade. However, with the approach of Ramzan, an increase in demand, especially from exports, is anticipated, which could provide some support to the market. As of now, there are no major factors driving a price increase.

Today, around 6,000 bags, each bag weighing 40 kg, of coriander arrived in Saurashtra, matching the expectations for this time of year. The average price of coriander in the state ranged from Rs 1400 to Rs 1600 per 20 kg.

In specific markets across the state, the Gondal Mandi saw 3,614 bags traded at prices between Rs 1520 and Rs 1620 per 20 kg, compared to an arrival of 3,500 bags. The Rajkot Mandi had 550 bags traded at Rs 1170 to Rs 1510 per 20 kg, in line with the arrival of 550 bags. Junagadh Mandi received 1,100 bags, while Jetpur Mandi saw 200 bags arrive. Jamjodhpur Mandi received 200 bags, and around 450 bags were received at other mandis.



Dhaniya contract for APR delivery settled at Rs 8440/quintal showing an rise of Rs 52 over previous close of Rs 8388/quintal,The contract moved in the range of Rs 8376-8480 for the day. Open interest increased by 18860 MT to 19455 MT, while trading volume increased by 830 to 840 MT.

Dhaniya contract for MAY delivery settled at Rs 8474/quintal showing an rise of Rs 6 over previous close of Rs 8468/quintal,The contract moved in the range of Rs 8404-8566 for the day. Open interest decreased by -19300 MT to 55 MT, while trading volume decreased by -555 to 0 MT.

Currently The spread between APR and MAY contract is -34 Rs/quintal

Dhaniya stock in NCDEX accredited warehouse as on 20-Jan-2025, was 3694 MT


(By Commoditiescontrol Bureau: +91 9820130172)


       
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