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Spot Coriander Prices Improve as Demand From South Indian Mills Rebounds

20 Nov 2020 7:46 pm
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Mumbai (Commodities Control) - Demand for coriander has sprung back after Diwali vacations. The market was dull in the past two weeks, solely dependant on local demand. However demand from South Indian markets has revived and was witnessed today at mandis of Rajasthan, Gujarat and Madhya Pradesh today. This helped push prices higher by Rs 50-70 per Quintal.


Winter demand for spices is picking pace, while long-haul transportation that was absent during Diwali period is back in action. Ramganj and Kota mandi registered sale of 230 tons of coriander for five mills from Kerala, Tamil Nadu. These mandis even reported better arrivals on Friday.

Spot markets reported some weakness in the morning session. The market witnessed many takers today for low-medium quality corande along with demand for old stocks.

Ramganj mandi reported arrivals of 4,200 bags of coriander, Kota mandi-- 3700 bags, baran mandi-- 2500 bags, Jaipur mandi-- 1800 bags.

On NCDEX, December futures ended flat at Rs 6564 per Quintal, down Rs 6.

MANDI

Commodity

Type/Variety

20-Nov

19-Nov

Change

JAIPUR, Rajasthan

CORIANDER

BADAMI

6650-6900

6600-6850

50

(FINE GRADE)

EAGLE

7200-7300

7150-7250

50

PARROT

8250-8350

8250-8350

0

RAMGANJ MANDI, Rajasthan

BLACK

4500-4700

4500-4650

50

(loose price)

BADAMI

5250-5500

5200-5500

50

EAGLE

5650-5900

5600-5900

50

PARROT

7600-7750

7600-7750

0

Bikaner, Rajasthan

5900-6200

5920-6200

30

BADAMI

5400-5600

5400-5530

70

Kota, Rajasthan

EAGLE

5650-5750

5600-5700

50

PARROT

7800-8000

7800-8000

0

BARAN, Rajasthan

BADAMI

5450-5520

5400-5500

50

EAGLE

5600-5900

5600-5850

50



       
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