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Coriander Futures Fall Further On Now Crop Arrivals

26 Feb 2020 8:04 pm
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MUMBAI (Commoditiescontrol) - Spot coriander/dhania prices dropped by Rs 50-80 per quintal at major markets in the country on Wednesday amid new crop arrivals and on expectations of higher production this year.

Arrivals were at 18,000 bags at the Gondal market.

According to traders, due to high moisture in the new crop, the trade was sluggish. The new crop of coriander has started arriving at the benchmark market of Ramganj in Rajasthan since last week.

The quality of the new crop is inferior right now because of high moisture level of 15-20 percent, against the normal of 5-8 percent.

Arrivals of the new crop are coming with a delay of two weeks in Rajasthan as unseasonal rains in Sep-Oct led to an increase in the moisture level in soil, which made the land unsuitable for sowing coriander.

At the National Commodity and Derivatives Exchange (NCDEX), coriander for delivery in April ended lower by Rs 91 or 1.54 percent at 5,831 per quintal after moving in the range of Rs 5,948 and Rs 5,773 per quintal.

Commodity Market Variety Min Max Min Max Arrival
Dhaniya Guna BADAMI 4850 5300 4850 5300 600/700
Dhaniya Guna SCOOTER 6000 6300 6000 6300
Dhaniya Guna EAGLE 5400 5600 5400 5600
Dhaniya Kota BADAMI 4800 5000 4800 4850 800
Dhaniya Kota Eagle 5000 5300 5100 5300
Dhaniya Baran BADAMI 4800 5100 5100 5100 1200
Dhaniya Baran EAGLE 5300 5400 5400 5400
Dhaniya Gondal SCOOTER (20 Kg) 1300 1400 1300 1400 18000
Dhaniya Gondal EAGLE + (20 Kg) 1100 1185 1100 1185
Dhaniya Gondal Super Quality (20 Kg) 2300 2500 2300 2500


       
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