Ahmedabad, July 01 (CommoditiesControl): The coriander market in Gujarat remains sluggish due to a lack of demand, despite stable prices. Recent rains have contributed to this trend as farmers have shifted their focus to sowing, leading to a continuous decline in the arrival of coriander in the market. Traders report that the current demand is low, with local and export trades moving at a slow pace. This has created a generally sluggish atmosphere in the market, with little significant activity.
In the futures market, a softening trend was observed today. Over the past two days, Saurashtra-Gujarat has experienced good rains, prompting farmers to engage in farming activities, further reducing the market arrivals.
Today, Saurashtra received approximately 7400 bags of coriander. The average price of coriander in the state ranges from Rs 1320 to Rs 1520 per 20 kg.
In Gondal Mandi, out of 4000 bags of coriander arrival and pending bags, 4290 bags, each weighing 40 kg, were traded at prices between Rs. 1341 and Rs. 1561 per 20 kg. In Rajkot Mandi, against the arrival of 1400 bags, trades were conducted at prices ranging from Rs. 1220 to Rs. 1515. Jamjodhpur Mandi saw an arrival of 150 bags, while Junagadh Mandi received 800 bags. Additionally, Jetpur received 50 bags, and around 1000 bags arrived in other mandis.
Dhaniya contract for JUL delivery settled at Rs 7290/quintal showing an fall of Rs -90 over previous close of Rs 7380/quintal,The contract moved in the range of Rs 7282-7400 for the day. Open interest decreased by -315 MT to 21645 MT, while trading volume decreased by -1945 to 1925 MT.
Dhaniya contract for AUG delivery settled at Rs 7390/quintal showing an fall of Rs -80 over previous close of Rs 7470/quintal,The contract moved in the range of Rs 7390-7492 for the day. Open interest increased by 550 MT to 10900 MT, while trading volume decreased by -2220 to 1455 MT.
Currently The spread between JUL and AUG contract is -100 Rs/quintal.
Dhaniya stock in NCDEX accredited warehouse as on 01-Jul-2024, was 15234 MT
(By Commoditiescontrol Bureau: +91 9820130172)
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