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Coriander Loses Colour amid Weak Buying, Arrivals Pressure; Futures End Mixed

3 Mar 2021 8:26 pm
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Jaipur (Commodities Control) - New coriander has been feeling the heat of rising arrivals in mandis of Rajasthan, as buyers sideline themselves in wait-and-watch mode. Coriander prices have been witnessing a slope due to lack of big buyers, however traders are not anticipating a bear trend here. Futures contract on NCDEX for April '21 ends nearly 1% higher at Rs 7354/Quintal, while May'21 contract closes in red.

State mandis witnessed arrivals of 31,500 bags,of which 28,000 bags consisted of new coriander.


Rajasthan spice market registered price fall of Rs 120-150 per Quintal during the early session of auction. However, prices recovered by afternoon session and ended with moderate losses of Rs 50-100 per Quintal.


Badami variety at Ramganj mandi was quoted at Rs 5400-5650, while Eagle variety was priced at Rs 5700-5900 per Quintal. New coriander at Ramganj mandi was quoted at Rs 4180-4300 per Quintal at the lower end, while it was priced at Rs 5700-5900 on the higher end. At Kota na d Baran mandi, lower grade coriander was priced at Rs 4080/Quintal and Upper grade was quoted at Rs 5800/Quintal.


Local spice millers actively participated on Wednesday alongside buyers from Delhi, Maharashtra, tamil Nadu, Kerala, Karnataka, Madhya Pradesh and Gujarat . Stockists are closely eyeing the pace of arrivals, which are expected to rise during the ongoing week.


Mandis of Rajasthan reported arrivals of 3,500 bags of old coriander. Rmaganj witnessed total arrivals of 21,500 bags, Kota mandi-- 3,200 bags, Baran mandi--2200 bags and Jaipur mandi-- 1750 bags.

MANDI

Commodity

Type/Variety

03-Mar

02/03/2021

Change

JAIPUR, Rajasthan

CORIANDER

BADAMI

6800-7000

6800-7050

-50

(FINE GRADE)

EAGLE

7400-7500

7400-7550

-50

PARROT

7800-7950

7800-7970

-20

RAMGANJ MANDI, Rajasthan

BLACK

5050-5200

5100-5200

-50

(loose price)

BADAMI

5400-5650

5450-5650

-50

EAGLE

5700-5900

5700-5950

-50

NEW LOWER

4180-4300

4200-4350

-50

NEW HIGH

5700-5900

5750-5900

-50

PARROT

7400-7500

7400-7580

-80

Bikaner, Rajasthan

6140-6350

6180-6370

-40

NEW LOWER

4270-4400

4300-4400

-30

NEW HIGH

5500-5750

5500-5800

-50

BADAMI

5400-5600

5400-5650

-50

Kota, Rajasthan

EAGLE

5500-5700

5550-5700

-50

PARROT

7600-7800

7600-7850

-50

BARAN, Rajasthan

BADAMI

5550-5700

5600-5700

-50

EAGLE

5800-5960

5800-6000

-40



       
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