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Spot Coriander Prices Mostly Down On Subdued Demand

24 Jan 2020 6:52 pm
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MUMBAI (Commoditiescontrol) - Spot coriander/dhania prices ruled weak at major Guna, Baran and Rajkot markets on Friday because of subdued demand and amid better crop prospects.

According to traders, the sowing has been good in Gujarat and Madhya Pradesh, which has boosted the new crop estimates. While the carry over stock is likely to be only half of last year as the crop fell over 20 percent to 567,000 tonnes in 2019.

Total area sown under coriander in Gujarat, was at 82,292 hectares as on January 20 in the current 2019-20 rabi season as against 29,630 hectares in the same period last year, as per the state agriculture department's data.

At the National Commodity and Derivatives Exchange (NCDEX), coriander for delivery in April ended lower by Rs 33 or 0.49 percent at 6,680 per quintal after moving in the range of Rs 6,783 and Rs 6,600 per quintal.

Similarly, coriander contracts for May delivery declined by Rs 13, or 0.19 percent, to Rs 6,777 per quintal.

Commodity Market Min Max Change(Max Today-Prev Max)
Dhaniya Guna 5600 5800 -200
Dhaniya Guna 6600 6800 -100
Dhaniya Guna 6300 6400 -200
Dhaniya Kota 5600 5700
Dhaniya Kota 6000 6100
Dhaniya Baran 5500 6000 0
Dhaniya Baran 6000 6100 -100
Dhaniya Rajkot 1040 1140 -10
Dhaniya Rajkot 1140 1190 -10
Dhaniya Rajkot 1190 1290 -10
Dhaniya Gondal 1315 1375 0
Dhaniya Gondal 1175 1215 0

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