Coriander up in Ramganj on low supply of new crop.

Prices of coriander rose in the key market of Ramganj, Rajasthan, due to limited supply of good quality new crop harvested this year on the back of lower production. In Kota, the badami variety was sold at 5,200 rupees per 100 kg and the eagle variety was quoted at 5,500 rupees, both up 50-100 rupees from previous close. Coriander futures may continue to rise for the fifth consecutive week and move towards 4,900 rupees per 100 kg due to a decline in arrivals. The most active August contract of coriander on NCDEX was up 0.6%.

NCDEX coriander at 2-week low on forecast of rains.

Futures contracts of coriander on NCDEX hit a two-week low of 4,611 rupees per 100 kg because of forecast of good progress of the monsoon in Gujarat and Rajasthan. The most-active August contract was down 1.3% at 4,708 rupees per 100 kg. Profit booking in the front-month July contract ahead of expiry on Jul 20 also weighed on coriander futures. The fall in prices, however, is seen restricted at 4,550 rupees per 100 kg, as investors may buy the commodity at lower prices on the back of lower production this year.

NCDEX coriander down 2% on profit booking.

Futures contracts of coriander on NCDEX fell over 2%, as investors booked profits ahead of the staggered delivery period. The most-active August contract of coriander on NCDEX was down 2.2% at 4,758 rupees per 100 kg. A fall of 2,370 tn in open interest in the July contract at 6,540 tn indicated profit booking. Prices of coriander also fell in the benchmark market of Kota, Rajasthan, where the badami variety was sold at 4,900 rupees per 100 kg and the eagle variety at 5,300 rupees, both down 100 rupees. Arrivals of coriander in Rajasthan were at 10,000 bags (1 bag = 40 kg), down 1,000 bags from the previous day.

Coriander a tad up in Kota on improved local demand.

Prices of coriander rose marginally in Kota, Rajasthan, despite higher arrivals, due to improved demand from processors. Processors have stepped up their purchases as coriander prices have fallen around 1,000 rupees per 100 kg since January, when fresh arrivals had started, due to higher carry-over stocks. In Kota, the benchmark market, badami variety was sold at 5,000 rupees per 100 kg and prices of eagle variety were at 5,250 rupees per 100 kg, both up 50-70 rupees. Arrivals of the spice in Rajasthan were pegged at 12,000 bags (1 bag = 40 kg), up 1,500 bags from previous day.

NCDEX coriander up 1% on firm demand from stockists.

Coriander futures on the NCDEX rose over 1% due to improved demand from stockists at low price levels. The most active July contract of coriander on NCDEX traded at 4,607 rupees per 100 kg, up 1% from the previous close. In Kota, the benchmark market, badami variety was sold at 4,750 rupees per 100 kg and the eagle variety was quoted at 5,050 rupees per 100 kg, both up 30-40 rupees. Arrivals of coriander in Rajasthan were 9,000 bags (1 bag = 40 kg), up 1,000 bags from the previous day