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Spot Coriander Rebounds on Local Demand, Reduced Arrivals in Rajasthan; Futures Dull

26 Nov 2020 9:12 pm
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Mumbai Commodities Control - Spot coriander prices bounced back on Thursday as the spice managed to rise Rs 30-50 per Quintal in Ramganj, Kota and Baran mandi of Rajasthan. Demand from local spice millers aided price rise. Nearly half a dozen mills registered purchases on Thursday. Additionally, bad weather conditions and the havoc wrecked by Cyclone ‘Nivar’ in the South Indian states underpinned coriander prices.

Having said so, arrivals have reduced in the mandis--another bullish factor. Traders reveal that some enquiries were witnessed from bigger dealers of Maharashtra and Madhya pradesh. An overseas order from Dubai attracted buyers to Rajasthan mandis today.

Purchases are expected to continue through the first half of December for an order of 500 tons Ramganj mandi of Rajasthan reported arrivals of 2800 bags, Kota mandi-- 1500 bags, Baran mandi-- 950 bags and Jaipur mandi-- 800 bags.

On NCDEX, December and January futures dropped Rs 32 and Rs 8 per Quintal at Rs 6220 and Rs 6276 per Quintal, respectively.

MANDI

Commodity

Type/Variety

26-Nov

25-Nov

Change

JAIPUR, Rajasthan

CORIANDER

BADAMI

6700-6800

6650-6800

50

(FINE GRADE)

EAGLE

7100-7250

7070-7200

50

PARROT

8150-8300

8150-8300

0

RAMGANJ MANDI, Rajasthan

BLACK

4450-4600

4400-4580

50

(loose price)

BADAMI

5150-5450

5120-5400

50

EAGLE

5550-5750

5500-5750

50

PARROT

7500-7670

7500-7650

20

Bikaner, Rajasthan

5800-6120

5800-6110

10

BADAMI

5400-5550

5400-5530

20

Kota, Rajasthan

EAGLE

5550-5700

5500-5700

50

PARROT

7650-7900

7600-7880

50

BARAN, Rajasthan

BADAMI

5400-5500

5350-5500

50

EAGLE

5520-5750

5500-5750

20



       
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