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Weekly: Spot Coriander Unlikely To Drop Below Rs 6,600-Level Amid Shortage Of Crop

17 Jun 2019 3:01 pm
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MUMBAI (Commoditiescontrol) - In NCDEX July futures, coriander price on 10 th June 2019 stood at INR 6893 per quintal which increased to INR 7027 per quintal levels. Coriander price in physical markets witnessed a range bound trend.

However, the upcountry demand is getting limited at present and henceforth, the spot price is declining gradually.

During the week, coriander arrivals in Kota, Ramgunj and Baran markets stood at 36,600 bags. The price in coming days may range bound from the current levels.

Coriander

Last week range 6760-7110---closed the week at 7041

Resis-7200-7300 and then to reverse to retest 6700-6600

Coriander is unlikely to drop below 6600 considering shortage of crop. Current correction is temporary one for the recent up move.

(By Commoditiescontrol Bureau)

       
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