Ahmedabad, June 12 (CommoditiesControl): Coriander prices in Gujarat remained stable today due to limited demand, despite a significant arrival of the spice in the region. In Saurashtra, the market saw an arival of around 11,000 bags (with each bag weighing 40 kg), yet the lack of demand kept prices from fluctuating.
The sluggish market activity was attributed to the closure of Gondal Mandi, a primary hub for coriander trading. The closure was enacted by the Commission Agent Association, Mazdoor Union, and Vyapari Mandal for the peace and security of Gondal. This disruption led to a noticeable decrease in spot market transactions, maintaining price stability.
In Rajkot Mandi, the arrival of 4,500 bags led to trades being conducted at prices ranging from Rs 1230 to Rs 1580 per 20 kg. The average price of coriander across the state hovered between Rs 1350 and Rs 1530 per 20 kg.
Other markets also reported notable arrivals: Jamjodhpur received 1,650 bags, Junagadh 1,100 bags, Jetpur 650 bags, and various other markets collectively received around 3,000 bags.
Traders indicated that unless there is an uptick in export demand in the coming days, the market is likely to continue experiencing stable prices, providing little relief from the currently low levels.
For now, the coriander market in Gujarat remains steady, awaiting any potential shifts in demand that could influence future pricing.
Dhaniya contract for JUN delivery settled at Rs 7310/quintal showing an rise of Rs 2 over previous close of Rs 7308/quintal,The contract moved in the range of Rs 7282-7350 for the day. Open interest decreased by -2670 MT to 3210 MT, while trading volume increased by 40 to 4605 MT.
Dhaniya contract for JUL delivery settled at Rs 7420/quintal showing an rise of Rs 6 over previous close of Rs 7414/quintal,The contract moved in the range of Rs 7390-7470 for the day. Open interest increased by 2890 MT to 28095 MT, while trading volume decreased by -460 to 5335 MT.
Currently The spread between JUN and JUL contract is -110 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 12-Jun-2024, was 13428 MT
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
