New Delhi, April 2 (Commodities Control): Coriander prices witnessed a significant uptick by Rs 20-25 per 20 kg across Gujarat's markets today, attributed to heightened demand and fresh arrivals following last week's holiday. Traders attribute the surge to an increased demand for superior quality produce amid the ongoing spice season.
Around 82,000-85,000 bags, each weighing 40 kg, of coriander arrived the state today, while average price quoted in the range of Rs 1400-1600 per 20 kg.
At Gondal Mandi, 60,000 bags of coriander arrived and quoted within the price range of Rs. 1701-2001 per 20 kg, while in Rajkot Mandi, with arrival of 10,000 bags, prices stood in the range of Rs. 1280-1750.
Market arrivals today included 1200 sacks in Halwad, 1000 sacks in Dhangadhra, 700 sacks in Jetpur, 4400 sacks in Jamjodhpur, 950 sacks in Junagadh, 700 sacks in Amreli, 5000 sacks in Jamnagar, 950 sacks in Junagadh, with other mandis ranging from 6000-7,000 sacks.
Meanwhile, Madhya Pradesh also experienced a surge in coriander prices, accompanied by increased arrival in Guna Mandi. Prices of different varieties such as badami, scooter, and eagle witnessed an upward trend. In Guna Mandi, badami coriander was priced at Rs 6800/7200 (+200), scooter at Rs 7400/8200 (+200), and eagle at Rs 7200/7500 (+200), with a total arrival of 20,000 bags.
Similarly, in Kumbharaj Mandi, badami coriander was priced at Rs 6500/7000(+100), scooter at Rs 7800/8000(+200), and eagle at Rs 7100/7500(+200), with a total arrival of 15,000 sacks.
Traders noted that the arrival of dry goods has commenced, coinciding with active buyer participation, further bolstering market activity and contributing to the upward trend in coriander prices.
Dhaniya contract for APR delivery settled at Rs 7806/quintal showing an rise of Rs 48 over previous close of Rs 7758/quintal,The contract moved in the range of Rs 7732-7826 for the day. Open interest decreased by -1515 MT to 13235 MT, while trading volume decreased by -345 to 3170 MT.
Dhaniya contract for MAY delivery settled at Rs 7892/quintal showing an rise of Rs 40 over previous close of Rs 7852/quintal,The contract moved in the range of Rs 7826-7910 for the day. Open interest increased by 1725 MT to 13975 MT, while trading volume increased by 130 to 2890 MT
Currently The spread between APR and MAY contract is -86 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 02 -Apr-2024, was NA MT
(By Commoditiescontrol Bureau: +91 9820130172)
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