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Spot Coriander Steadies in Rajasthan Mandis on Lacklustre Demand, Futures Settle Higher

27 Nov 2020 8:27 pm
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Mumbai Commodities Control – Spot coriander was range-bound due to weak demand. Prices across all the grades were generally stable, as most of the spice millers avoided making bigger purchases in the markets. Mandi auctions reflected the trend.

However futures market ended in green, as December futures closed Rs 174 higher at Rs 6406 per Quintal. January futures closed at Rs 6400 per Quintal, up Rs 116 on Friday.

After a non-happening festive period, market sentiments seem to be getting affected due to surging cases of corona infections at the advent of wedding season and ahead of Christmas holidays.


Having said so, there’s a restriction on number of guests allowed in a marriage ceremony which means no grand and crowded parties at hotels or banquet halls. This will directly impact the hospitality sector, leading to weak demand for spices.

Arrivals in Rajasthan mandis have shrunk from 10,000 quintals during early November to 6,500-7,000 quintals now.

Meanwhile, Ramganj mandi of Rajasthan reported arrivals of 2400 bags on Friday, Kota mandi--1200 bags, Baran mandi—900 bags and Jaipur- 850 bags.

MANDI

Commodity

Type/Variety

27-Nov

26-Nov

Change

JAIPUR, Rajasthan

CORIANDER

BADAMI

6680-6800

6700-6800

-20

(FINE GRADE)

EAGLE

7100-7250

7100-7250

0

PARROT

8150-8300

8150-8300

0

RAMGANJ MANDI, Rajasthan

BLACK

4480-4600

4450-4600

30

(loose price)

BADAMI

5150-5450

5150-5450

0

EAGLE

5550-5750

5550-5750

0

PARROT

7500-7670

7500-7670

0

Bikaner, Rajasthan

5800-6140

5800-6120

20

BADAMI

5400-5500

5400-5550

-50

Kota, Rajasthan

EAGLE

5550-5600

5550-5700

-50

PARROT

7650-7900

7650-7900

0

BARAN, Rajasthan

BADAMI

5420-5500

5400-5500

20

EAGLE

5500-5750

5520-5750

-20


       
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