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OfBusiness Dhaniya Dailies | 8th July 2023
3 years ago
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Daily Report
OfBusiness
Summary
Coriander sales remain slow despite price increases. Stable at Rs. 8,000/kg, with a slight increase. Limited arrivals strengthen market sentiment. Future contract declines to Rs. 6,650. Expected resilience in the next few days.
- Despite the increase in prices, the sales of coriander (dhaniya) have remained slow. This can be attributed to the fact that the selling price is relatively low.
- Currently, coriander is stable at the previous closing level of around Rs. 8,000 per kilogram due to subdued demand.
- Recently, there has been a slight increase of Rs. 100-200 per kilogram in the price of coriander, indicating some momentum in the market.
- Reports suggest that approximately 1,000-1,500 bags of coriander arrived at the Baran Mandi in Rajasthan, and the prices remained steady compared to the previous day’s levels.
- The weakness in the demand for spices has caused the active futures contract of coriander to decline by Rs. 42 or 0.63% and settle at Rs. 6,650.
- Limited arrivals in the market have strengthened the market sentiment for coriander.
- It is expected that coriander will continue to show resilience and maintain its strength in the coming one to two days.
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