MUMBAI (Commoditiescontrol): Coriander arrivals in Kota, Ramgunjmandi and Baran during the week stood at 58,000 bags.
Price of coriander remained steady during the week. Arrival pressure is declined gradually at present. In NCDEX spot, during the week, the price witnessed range bound from INR 72-74 per kg levels. For next week, the price is expected to go up by INR 100 per quintal given declining arrivals and export demand.
INR against USD needs to be watched.
NCDEX Coriander---June-2019
Last week range 7454 and 7154 and closed the week at 7184
May retest 6900 and 6700 before it moves higher
Upside capped at around 7320-7350-7400
Wait for buy on dip in the coming days as the overall bullish trend is intact
(By Commoditiescontrol Bureau)
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