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Coriander Futures Hit 5-Month Low On New Crop Arrivals

25 Feb 2020 8:03 pm
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MUMBAI (Commoditiescontrol) - Spot coriander/dhania prices fell further at major markets in the country on Tuesday with the start of new crop arrival.

The new crop of coriander has started arriving at the benchmark market of Ramganj in Rajasthan since last week with a daily supply at 500 bags (1 bag = 40 kg), traders said.

The quality of the new crop is inferior right now because of high moisture level of 15-20 percent, against the normal of 5-8 percent. The new crop is being sold at Rs 5,000-6,000 per 100 kg, and the old crop is available at Rs 6,000-6,500.

Arrivals of the new crop are coming with a delay of two weeks in Rajasthan as unseasonal rains in Sep-Oct led to an increase in the moisture level in soil, which made the land unsuitable for sowing coriander.


At the National Commodity and Derivatives Exchange (NCDEX), coriander for delivery in April ended lower by Rs 136 or 2.25 percent at 5,905 per quintal after moving in the range of Rs 6,070 and Rs 5,801 per quintal, the lowest in 5 months.

Prices on futures market have fallen by about 16 percent in the last 2 months.

Commodity Market Variety Min Max Min Max Change(Max Today-Prev Max) Arrival
Dhaniya Guna BADAMI 4850 5300 5100 5300 0 500
Dhaniya Guna SCOOTER 6000 6300 6300 6500 -200
Dhaniya Guna EAGLE 5400 5600 5500 5800 -200
Dhaniya Kota BADAMI 4800 4850 4800 5000 500/800
Dhaniya Kota Eagle 5100 5300 5000 5300
Dhaniya Gondal SCOOTER (20 Kg) 1300 1400 1300 1400 0 18000
Dhaniya Gondal EAGLE + (20 Kg) 1100 1185 1100 1185 0
Dhaniya Gondal Super Quality (20 Kg) 2300 2500 2300 2500 0


       
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