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Spot Coriander Drops amid Slow Demand, Increased Acreage; Futures End in Red

23 Nov 2020 7:04 pm
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Mumbai Commodities Control - Spot coriander prices extend southward movement, as prices dropped Rs 50-00 per Quintal on Monday. Dull overseas demand and weak buying by local spice millers is weighing on the prices.

Spice manufacturers from Tamil Nadu, Kerala are yet to commence purchases, while local purchases are lacklustre as well. Rising corona cases in Rajasthan and Delhi have affected trade in spot coriander markets. Meanwhile the producing regions have reported a rise in coriander cultivation, which is likely to keep a lid on price gains going forward.

Even stockists who were hopeful of a rise in coriander prices post Diwali have started to liquidate their stocks now. Due to lack of buyers, nearly 170 quintals of coriander could not be auctioned off at Kota and Ramganj mandis of Rajasthan.

On NCDEX, December and January futures dropped Rs 64 and Rs 18 to settle at Rs 6,506 and Rs 6,600 per Quintal today.

Meanwhile, spot markets registered arrivals of 4,000 bags at Ramganj mandi, 3,500 bags --Kota mandi, Baran mandi--1,500 bags and Jaipur mandi-- 1,000 bags.

MANDI

Commodity

Type/Variety

23-Nov

21-Nov

Change

JAIPUR, Rajasthan

CORIANDER

BADAMI

6650-6850

6650-6900

-50

(FINE GRADE)

EAGLE

7150-7200

7200-7250

-50

PARROT

8200-8300

8250-8350

-50

RAMGANJ MANDI, Rajasthan

BLACK

4400-4600

4500-4700

-100

(loose price)

BADAMI

5150-5400

5200-5450

-50

EAGLE

5500-5800

5600-5900

-100

PARROT

7500-7650

7550-7750

-50

Bikaner, Rajasthan

5800-6150

5850-6200

-50

BADAMI

5400-5550

5400-5600

-50

Kota, Rajasthan

EAGLE

5550-5710

5620-5750

-70

PARROT

7650-7900

7700-7950

-50

BARAN, Rajasthan

BADAMI

5400-5500

5450-5520

-50

EAGLE

5550-5800

5600-5900

-100


       
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