Login ID:
Password:
Partner Login
Contact Us : 07666977977

Spot Coriander Rules Steady; Futures Up Over 2%

17 Feb 2017 5:04 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Coriander traded steady in spot markets of Rajasthan and Madhya Pradesh on Friday, whereas futures market posted decent gain.

Activity in the spot market was said to be good today as buyers turned active tracking bullish coriander futures. The most active April coriander contract gained 2.68 percent, or Rs 181 at Rs 6,941/100kg on the National Commodity & Derivatives Exchange Ltd (NCDEX). The contract so far traded within range of Rs 6,786 to Rs 6,982.

Supply of coriander is expected to improve from new crop, however sellers may sell their stocks gradually due to lower rates, said a trader from Kota.

Coriander crop is likely to be slightly better as lower acreage in Rajasthan likely to be offset by record sowing in Gujarat.

Coriander is likely to perform sluggish in the near term (15-30 days), and thereafter trend is likely to dependent on exports.

Coriander exports so far this fiscal was very badly hurt as Russia capture large market share from India due to better production and very competitive rates. Even India buyers has contracted heavily as it was available at much cheaper rates, he added.

Coriander imports during April-November gained sharply by 330 percent at 36,955 metric tonnes against 8,594 metric tonnes same period a year ago, according to commerce ministry.

India imports around 26,221 metric tonnes of coriander between April to November from Russia. The other main destinations were Ukraine (4,720) and Italy (3,964).

MARKET VARIETY MIN MAX
GUNA BADAMI 5700 5900
GUNA SCOOTER 6300 6400
GUNA EAGLE 6000 6200
ARRIVAL 2000 2000
KOTA BADAMI 5600 5800
KOTA EAGLE 5900 6000
ARRIVAL 3500 3500
RAMGANJ EAGLE 6000 6200
RAMGANJ BADAMI 5800 5900
ARRIVAL 14000 14000
BARAN EAGLE 5600 5800
BARAN BADAMI 5900 6000
ARRIVAL 3000 3000
Rates In Rs/100Kg | Arrivals In 35Kg Bag

(By Commoditiescontrol Bureau; +91-22-40015533)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   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 Market Commentary
Nutmeg And Mace Rule Steady
Turmeric Steady In Erode; Other Market Closed On Amavas...
India Spices Export Offer Price - Sep 20
Jeera Gains In Rajkot On Better Quality Supply, Good De...
Vietnam Black Pepper Offer Price In FOB Term - Sept 20
more
Top 5 News
DJ U.S. Grain: Corn Midday Gulf Barge Basis - Sep 20
DJ U.S. Grain: Soybean Midday Gulf Barge Basis - Sep 20...
DJ USDA Portland Cash Grain Prices-AM - Sep 20
DJ Gold: Wait for the Dip -- Barron's Blog
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
Top 5 Special Reports
Maharashtra 2017-18 Tur Crop Likely Down 43.3% At 11.5 ...
Technical : Urad FAQ Mumbai Spot : Consolidation Being ...
Technical : Mumbai Lemon Tur Spot : Expect Consolidatio...
ABARES Revise Up Global Sugar Suplus For 2017-18
Spot Groundnut Complex Gains Amid Lower Supply
Copyright © CC Commodity Info Services LLP. All rights reserved.