Coriander Prices Stable Amid Limited Demand in Key Markets

Mumbai, April 3 (CommoditiesControl): The coriander market in Gujarat witnessed stable prices today amid reduced arrivals and limited demand. Following an excess arrival in Gondal Mandi yesterday, new arrivals remained stagnant today, contributing to stable prices in the state. Around 30,000 bags of coriander (1 bag = 40 kg) were reported to arrive today.

Traders noted that although there is some local demand owing to the spice season, the export business remains subdued. However, there is optimism among traders that prices may improve if export demand increases in the coming days or if there is increased buying activity by stockists.

Yesterday's arrival of 60,000 bags in Gondal Mandi resulted in 33,000 bags being carried over to today, which were traded at prices ranging from Rs 1651-2201 per 20 kg. In Rajkot mandi, arrivals amounted to 10,000 bags, with prices ranging from Rs 1360-1811.

In addition to these markets, arrivals were reported in other regions as well:
- Halvad: 1000 sacks
- Dhangadhra: 700 sacks
- Jetpur: 900 sacks
- Jamjodhpur: 4000 sacks
- Junagadh: 1100 sacks
- Amreli: 700 sacks
- Jamnagar: 4000 sacks
- Other mandis: 5000-7,000 sacks

The coriander market in Guna, Madhya Pradesh, is reported to be stable, with price movement remaining steady. Prices for Badami stood at Rs 7000/7400, Scooter Rs 7600/8400, Eagle Rs 7400/7700, with total arrival of 20000 bags.

Arrival pressure remained high in Kumbhraj Mandi and prices varied due to quality concerns. Badami prices quoted at Rs 6000/7000, Eagle Rs 7200/7400 (-100), Scooter Rs 7800/8200 (+200), with arrival of 30000 bags.

Dhaniya contract for APR delivery settled at Rs 7880/quintal showing an rise of Rs 74 over previous close of Rs 7806/quintal,The contract moved in the range of Rs 7768-7918 for the day. Open interest decreased by -675 MT to 12560 MT, while trading volume decreased by -695 to 2475 MT.

Dhaniya contract for MAY delivery settled at Rs 7958/quintal showing an rise of Rs 60 over previous close of Rs 7898/quintal,The contract moved in the range of Rs 7886-8014 for the day. Open interest increased by 605 MT to 14580 MT, while trading volume decreased by -750 to 2140 MT.

Currently The spread between APR and MAY contract is -78 Rs/quintal

Dhaniya stock in NCDEX accredited warehouse as on 03-Apr-2024, was NA MT

(By Commoditiescontrol Bureau: +91 9820130172)