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Spot Coriander Weakens on Dull Demand, Higher Arrivals, Futures End Higher

4 Dec 2020 8:42 pm
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Mumbai Commodities Control - Spot coriander witnessed dull trade amid weak demand at Rajasthan mandis. Prices collapsed by Rs 70/Quintal at the start of the auction today and prices of nearly all the qualities across major varieties declined.

Cold quality coriander gave up over Rs 100/Quintal. Stockists were eager to liquidate the stocks which led to steep decline in the variety.

Demand from spice millers continues to be weak. No orders have been witnessed from either TamilNadu or Kerala mandis yet. Coriander orders heading Mundra and Mumai port have slowed, while the market is totally dependent on local demand.

Mandi arrivals rose due to stock clearance by stockists and farmers. Ramganj mandi of Rajasthan reported arrivals of 4000 bags, Kota mandi--1500 bags, Baran mandi-- 1100 bags, Jaipur mandi-- 1050 bags.

On NCDEX, December futures ended Rs 52 higher and January futures ended Rs 26 higher on Friday, respectively.

MANDI

Commodity

Type/Variety

04-Dec

03-Dec

Change

JAIPUR, Rajasthan

CORIANDER

BADAMI

6600-6800

6650-6800

-50

(FINE GRADE)

EAGLE

7100-7200

7100-7230

-30

PARROT

8100-8300

8150-8300

-50

RAMGANJ MANDI, Rajasthan

BLACK

4470-4600

4500-4600

-30

(loose price)

BADAMI

5100-5400

5150-5450

-50

EAGLE

5520-5750

5600-5750

-80

PARROT

7500-7650

7500-7680

-30

Bikaner, Rajasthan

5800-6050

5850-6100

-50

BADAMI

5350-5500

5370-5500

-20

Kota, Rajasthan

EAGLE

5450-5600

5500-5600

-50

PARROT

7700-7800

7700-7850

-50

BARAN, Rajasthan

BADAMI

5350-5500

5400-5500

-50

EAGLE

5600-5700

5600-5700

0



       
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