Login ID:
Partner Login
Contact Us : 7066511911

Weekly: Coriander Prices Likely To Stabilise At Current Levels

9 Jun 2019 8:20 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Coriander arrivals during the week across all the major markets of Kota, Ramganj mandi and Baran stood at 35500 bags as compared to 42,000 bags.

In NCDEX, July futures contract, coriander price on 31 st May 2019 stood at INR 7455 per quintal which declined to INR 7017 per quintal on 06 th June 2019. The decline in price is attributed to ongoing import from Ukraine and lower domestic demand.

At kota markets coriander prices increased by INR 3/ Kg to trade in the range of INR 65-68/ Kg as compared to INR 66-71 / Kg previous week.

Coriander harvest in Ukraine starts from June to August. Henceforth, import flow can be more in coming days.

Also, harvest in Bulgaria starts from August to September. Importing coriander at cheaper prices may drag down the domestic prices which happened in last year.

However, consecutive decline in domestic production is likely to stabilize/range bound the price from the current levels. As like cumin, coriander export will increase gradually in coming days as Ramzan festival season is over.

IMD forecasts, 100% LPA rainfall in Central India amid weak El Nino which can benefit Gujarat and Rajasthan region which will increase the soil moisture levels.

As on date, coriander stock position in Rajasthan is approximately 20 lakh bags.


Last week range---7490-6969, settled at 7025

Settled well below the double top formation signaling overall weakness in trend

May drop towards 6900-6700 going forward

Upside capped at 7180-7250, which should be considered as good level to enter short

(By Commoditiescontrol Bureau)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Special Reports
WEEKLY Red Chilli: Prices Likely To Remain Firm On Expo...
WEEKLY Jeera: Prices Likely To Fall Ahead
WEEKLY: Coriander Export May Decline Ahead Amid Supply ...
WEEKLY Cardamom: Prices Unlikely To Come Down Due To De...
WEEKLY Turmeric: Market Appears To Be Weak As Monsoon P...
Top 5 News
Stock Position At JNPT Of Veg Oil (Edible Grade) On 22....
U.S. Dollar Index—Consolidating Within a Triangle Patte...
USD/INR—A Close Above 69.50 Confirms a Trend Reversal
USD/IDR—Consolidating Near 52-Wk Lows / Reiterate Beari...
USD/BRL—Reiterate Bearish Stance / More Weakness May Li...
Top 5 Market Commentary
Domestic Sugar Prices Mostly Weak On Ample Supplies
Uptrend Continues In Spot Pepper On Supply Squeeze
Market Wise Chana Arrivals: Supply Down 4.72% Against P...
Sudan/Burma/Russia Kabuli Chana Moves Higher In Mumbai
Maharashtra Sugar Mill Prices – 23 July 2019.
Copyright © CC Commodity Info Services LLP. All rights reserved.