Jaipur (Commodities Control) - Spot coriander prices witnessed bearish session on Monday at the mandis of Rajasthan, as the spice collapsed byRs 30-80 per Quintal. The primary reason behind the price decline was the absence of the South Indian buyers amid the ongoing elections and rapidly rising cases of coronavirus infections.
On NCDEX, April-June futures of coriander fell by Rs 48-82/Quintal tracking weak cues from spot markets. May’21 futures settled 0.66% lower at Rs 7,244/Quintal today. Technical analysts see the spice bound to a short term trading range with support at Rs 6,950/Quintal and resistance of Rs 7,650/Quintal.
The number of spice millers participating from Tamil Nadu and Kerala has been fewer as compared with last year, which in turn is affecting mandi arrivals. Farmers and stockists are hopeful of rebound in demand which can push prices by 4-5%. Rajasthan mandis witnessed total arrivals of 13,000 bags of new coriander today.
It is to be noted that mandis registered dull trade and weaker arrivals on account of Amavasya as well. Ramganj mandi of Rajasthan did not report any trade activity today, while some transactions were reported from jaipur, Kota, Baran, Nagour and Bikaner markets.
Higher arrivals of upper and medium grade arrivals were witnessed in spice markets today. Outstation demand was registered from buyers of Gujarat, Madhya Pradesh, Karnataka, Tamil Nadu and Kerala Whilst Badami was quoted at Rs 5700-5850 per Quintal, Eagle variety of coriander was priced at Rs 6000-6100/Quintal.
Of the total arrivals of coriander, the new crop consisted of 11,900 bags. Kota mandi- 1700 bags, Baran mandi- 5200 bags and Jaipur mandi-- 1600 bags.
MANDI
|
Commodity
|
Type/Variety
|
12-Apr
|
10-Apr
|
Change
|
JAIPUR, Rajasthan
|
CORIANDER
|
BADAMI
|
6650-6820
|
6650-6860
|
-40
|
(FINE GRADE)
|
|
EAGLE
|
7500-7600
|
7500-7650
|
-50
|
|
|
PARROT
|
7750-7860
|
7750-7890
|
-30
|
RAMGANJ MANDI, Rajasthan
|
|
BLACK
|
5200-5350
|
5200-5350
|
50
|
(loose price)
|
|
BADAMI
|
6000-6090
|
6000-6090
|
40
|
|
|
EAGLE
|
6500-6600
|
6500-6600
|
50
|
|
|
PARROT
|
7370-7480
|
7370-7480
|
30
|
Bikaner, Rajasthan
|
|
|
6200-6350
|
6250-6350
|
-50
|
|
|
BADAMI
|
5700-5850
|
5750-5850
|
-50
|
Kota, Rajasthan
|
|
EAGLE
|
6000-6100
|
6000-6170
|
-70
|
|
|
PARROT
|
7500-7700
|
7550-7700
|
-50
|
BARAN, Rajasthan
|
|
BADAMI
|
5500-5680
|
5500-5700
|
-20
|
|
EAGLE
|
5900-6050
|
5900-6080
|
-30
|