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Gondal Market Sees New Coriander Arrivals, Prices Remain Stable

22 Jan 2025 4:45 pm
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New Delhi, January 22 (Commodities Control): The coriander market in Gujarat has remained stable over the last three days, with new arrivals from Gondal market contributing to steady price levels. Today, 12 sacks of fresh coriander arrived in Gondal, but traders noted that there was no significant demand boost. They mentioned that the market could only see a price rise if export activity picks up, but there is currently no clear indication of this happening. Additionally, with increasing new arrivals, there could be some downward pressure on prices in the coming days.

Across Saurashtra, a total of around 7,500 sacks of coriander were reported to have arrived, with prices holding steady at Rs 1400-1600 per 20 kg. In Gondal market, where 4,000 sacks were received, trading occurred between Rs 1500-1680 per 20 kg. Rajkot Mandi saw the trading of 800 bags with prices ranging from Rs 1210-1540 per 20 kg. Other markets, including Junagadh, Jetpur, Jamjodhpur, and smaller centers, also saw arrivals, though trade volumes were lighter.

On the NCDEX, coriander futures showed slight declines. At 12:56 pm, the April contract was trading at Rs 8574, down by Rs 30, while the May contract was priced at Rs 8646 per quintal, marking a drop of Rs 52.

Overall, the coriander market remains stable, but with increasing arrivals and no major demand surge, prices may face pressure if export activity does not pick up in the near future.



Dhaniya contract for APR delivery settled at Rs 8616/quintal showing an rise of Rs 12 over previous close of Rs 8604/quintal,The contract moved in the range of Rs 8572-8640 for the day. Open interest increased by 190 MT to 20135 MT, while trading volume decreased by -2015 to 850 MT

Dhaniya contract for MAY delivery settled at Rs 8680/quintal showing an fall of Rs -18 over previous close of Rs 8698/quintal,The contract moved in the range of Rs 8646-8698 for the day. Open interest increased by 55 MT to 215 MT, while trading volume decreased by -70 to 220 MT.

Currently The spread between APR and MAY contract is -64 Rs/quintal.

Dhaniya stock in NCDEX accredited warehouse as on 22-Jan-2025, was 3354 MT.


       
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