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OfBusiness Dhaniya Dailies | 19th July 2023
3 years ago
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Daily Report
OfBusiness
Summary
Junagadh Mandi: Slow market, coriander prices at 25-50 Rs, low demand, 6000 new bags. Rajkot: Stable market, 1800 bags, prices at 1350-1400 Rs. Limited supply raises prices. Coriander futures trading active at 7346 Rs per quintal, with significant market participation.
- The Junagadh Mandi is experiencing a slow market with prices ranging from 25 to 50 rupees. Customer demand is low, and there is an arrival of 6000 bags of new coriander.
- Coriander prices experienced a significant increase on Tuesday, rising by Rs 100 to reach Rs 7,346 per quintal in futures trade.
- In Rajkot, the coriander market is stable, with an arrival of 1800 bags. The current price range is 1350 to 1400 rupees per bag for eagle brand.
- Limited supply of coriander from producing regions has played a role in pushing up prices.
- The National Commodity and Derivatives Exchange witnessed coriander contracts for August delivery trading higher by Rs 100 or 1.38 per cent at Rs 7,346 per quintal.
- The open interest of 29,025 lots indicates significant market participation and suggests that traders and investors are actively involved in coriander futures trading.
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