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Weekly: Coriander seed continues bullish trend on strong fundamentals

19 Feb 2022 11:06 pm
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Mumbai, February 19 (Commoditiescontrol) Coriander prices settle firm this week in the physical market on strong buying as pipeline was empty. Prices of coriander also rose sharply at future trade as most active contract rose to the highest level since 2015.

Coriander futures gained more than 2% this week while spot prices rose Rs 100-300 per quintal in most of the markets barring Guna, a major trading centre of Madhya Pradesh where Scooter and Eagle varieties were quoted lower but Badami was prices higher.



Coriander prices have shot up nearly 17% in past one month on strong fundamentals as area of coriander seed shifted to mustard seed and some other crops. Recently pipeline was empty, that’s why processors are active in the market.



However, prices are expected to come under pressure in coming days as harvesting season is in progress in the major producing regions and the market will see a constant rise in arrivals, said an analyst.

Commodity

Market

Variety

18-02-2022

12-02-2022

Change

Min

Max

Prev. Min

Prev. Max

Dhaniya

Guna

BADAMI

8600

8800

8600

8700

100

Dhaniya

Guna

SCOOTER

9200

9500

9400

9600

-100

Dhaniya

Guna

EAGLE

9000

9200

9200

9300

-100

Dhaniya

Kota

BADAMI

8800

9000

8300

8700

300

Dhaniya

Kota

EAGLE

9000

9300

8500

9000

300

Dhaniya

Ramaganj

BADAMI

8600

8700

8600

8700

0

Dhaniya

Ramaganj

EAGLE

9100

9300

9100

9200

100

Dhaniya

Baran

BADAMI

8900

9000

8750

8850

150

Dhaniya

Baran

EAGLE

9000

9300

8950

9150

150

Dhaniya

Rajkot

BADAMI (20 Kg)

1840

1890

1750

1800

90

Dhaniya

Rajkot

EAGLE (20 Kg)

1890

1940

1800

1850

90

Dhaniya

Rajkot

SCOOTER (20 Kg)

1940

1990

1850

1900

90

Dhaniya

Gondal

SCOOTER (20 Kg)

1961

2001

1901

1921

80

Dhaniya

Gondal

EAGLE + (20 Kg)

1871

1901

1851

1871

30

Dhaniya

Gondal

EAGLE (20 Kg)

1851

1861

1821

1831

30

Dhaniya

Kumbhraj

BADAMI

8800

9000

8500

8700

300

Dhaniya

Kumbhraj

EAGLE

9000

9200

8800

9100

100

(By Commodities control Bureau; +91 9820130172)


       
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