NCDEX coriander hits 4.5-year low on cheap imports.

Futures contracts of coriander on the NCDEX hit a four-and-a-half-year low of 4,927 rupees per 100 kg because of a rise in cheap imports from Ukraine, Bulgaria and Russia. The most-active June contract traded at 4,982 rupees per 100 kg, down 2.9% from the previous settlement. At Kota, the benchmark market for the commodity, the Badami variety quoted 5,900 rupees per 100 kg, while the Eagle variety was sold at 6,200-6,400 rupees, both unchanged from previous close. Arrivals in Ramganj and Kota were 4,700 bags (1bag=40kg) down 1,300 bags from the previous day.

NCDEX coriander may open down on margin levy.

Futures contracts of coriander may open lower on the NCDEX as the exchange will levy a 5% additional margin and 10% special margin on the contracts. The additional margin has been imposed on both buy and sell positions, while the special margin has been levied on sell positions on all running and yet-to-be-launched contracts of coriander. June contract of coriander on NCDEX ended at 5,345 rupees per 100 kg, up 3.7% from the previous close.

Rajasthan coriander prices rise as local demand up.

Prices of coriander were up in Rajasthan markets today, following a rise in demand from domestic retailers. At Kota, the Badami variety quoted 5,900 rupees per 100 kg, while the Eagle variety was sold at 6,200-6,400 rupees, both up 100-200 rupees. Coriander arrivals in Rajasthan were unchanged at 7,500 bags (1bag=40kg).

NCDEX coriander up 2% on short covering, low supply.

June contract traded at 5,105 rupees per 100 kg, up 2.6% from the previous settlement. Prices of the spice also rose as arrivals in Ramganj and Kota more than halved to 3,000 bags (1bag=40kg). At Kota, the benchmark market for the commodity, coriander prices were unchanged as demand matched supply. The Badami variety was quoted at 5,800 rupees per 100 kg, while the Eagle variety was sold at 6,100-6,300 rupees. Markets in Baran, Rajasthan, were closed because Amavasya.

Coriander futures down 40%; under SEBI lens on alleged cartelization.

Prices of coriander futures fell sharply over the last two months to hit five-year lows, despite strict curbs by the exchange, which has left not only the exchange, but also regulators in quandary about what could have led to the strong one-sided price movement. The contract has hit the 4% maximum lower circuit in at least six trading sessions over the last one month, despite NCDEX raising special margins by 20 percentage points. Concerned over allegations of excessive speculation in coriander futures contracts, SEBI is likely to hold a crucial meeting with NCDEX later in this week.

NCDEX coriander below support of 5,000 rupee/100 kg.

Futures contracts of coriander on the NCDEX slipped below the crucial support level of 5,000 rupees per 100 kg due to continued selling pressure amid high supply. June contract hit a 4% lower circuit of 4,965 rupees per 100 kg, also a four-and-a-half year low. Rising stock of coriander at exchange-accredited warehouses and market buzz of rising imports of substantially cheaper Ukrainian crop have led to the fall in coriander futures despite strict curbs in form of margins and position limits by the exchange. Stocks of the spice at NCDEX-accredited warehouses rose to 32,130 tonne on Tuesday, up 10,728 tonne on month.

NCDEX coriander hits 3% lower cap on profit booking.

Futures contracts of coriander hit their 3% lower circuit on the NCDEX and declined further due to profit booking, after prices rose to a one-week high of 5,619 rupees per 100 kg on prevoius close. June contract traded at 5,186 rupees per 100 kg, down 3.7% from the previous settlement. Prices of coriander also declined because of 108-tn on-week rise in inventories at exchange warehouses to 32,140 tn. In the benchmark market of Kota, Rajasthan, the Badami variety and Eagle variety both down 100 rupees from previous clsoe. Arrivals at Ramganj and Kota were pegged at 4,200 bags (1bag=40kg) down 1,300 bags from previous clsoe.

NCDEX coriander down on profit booking, higher stocks.

Futures contracts of coriander traded down nearly 3% on the NCDEX as investors booked profits after prices rose to a one-week high of 5,619 rupees per 100 kg in early trade. A 2,190-tn decline in open interest in the June contract indicated profit booking. June contract traded at 5,400 rupees per 100 kg, down 2.7% from the previous settlement. Prices of coriander also declined because of a 316 tonne on-week rise in inventories at exchange warehouses to 32,110 tn. Arrivals in Rajasthan were also steady at 7,000 bags.

Coriander prices up in Rajasthan as arrivals slump.

Prices of coriander in the spot markets of Rajasthan rose because of a sharp decline in arrivals. Arrivals in Rajasthan more than halved to 7,000 bags (1bag=40kg). In the benchmark market of Kota, the Badami variety and the Eagle variety both up 200 rupees from the previous day. On the NCDEX June contract of the spice traded up by 4 rupees from the previous settlement.

NCDEX coriander hits 3% upper circuit on spot cues.

Futures contracts of coriander hit the 3% upper circuit on the NCDEX, tracking the gains in Rajasthan Baran market. June contract traded up 2.3% on NCDEX. Prices of coriander were up due to increased demand from local stockists. In Baran, a key wholesale market for the commodity, the Badami variety of coriander and the Eagle variety both up 200 rupees from previous close. Arrivals at the Kota and Ramganj markets in Rajasthan were 11,000 bags (1bag=40kg) up 2,000 bags from previous close. Arrivals in Baran were pegged at 6,000 bags.

NCDEX coriander hits 4% lower cap as inventories up.

Futures contracts of coriander hit 4% lower circuit on the NCDEX because of a rise in inventories at exchange-accredited warehouses. Stocks rose to 31,794 tonne on Monday, up by 1,498 tonne from a week ago. Prices also fell as the bourse marked 3,050 tonne of coriander for staggered delivery in the May contract till now. Sentiment for the spice was weak as high delivery marked by the exchange would push up supply in the physical market. The most active June contract was down 4% on the NCDEX. In Kota, the benchmark market for the commodity, the Badami variety and the Eagle variety both unchanged from previous close. Arrivals at Kota and Ramganj markets in Rajasthan were 9,000 bags (1bag=40kg) down by 4,000 bags from the previous day.

NCDEX coriander hits 3% lower cap on weak demand.

Futures contracts of coriander hit their 3% lower circuit on the NCDEX because of subdued demand from overseas buyers and the spice industry. A rise in arrivals also weighed on the prices. The most active June contract was down 3% on the NCDEX. Arrivals in Kota, the benchmark market, were at 13,000 bags (1bag=40kg) up from 10,000 bags on previous close. In Kota, the Badami variety and the Eagle variety both down 200 rupees from the previous trading day.

NCDEX coriander down as 2,260 tonne marked for delivery.

Futures contracts of coriander were trading lower as the bourse, on Thursday, marked 2,260 tonne of the spice for staggered delivery in the May contract. Sentiment for the spice was dampened as high delivery marked by the exchange would result in rise in supply in the physical market. The front-month May contract had hit 3% lower circuit earlier. The most-active June contract traded down 0.94% from previous close. Staggered delivery for the contract, which expire on May 19, started Thursday.

Coriander prices fall in Rajasthan as arrivals rise.

Prices of coriander in the spot markets of Rajasthan fell because of a sharp rise in arrivals. Arrivals in Kota and Ramganj more than doubled to 13,000 bags (1bag=40kg) from 5,000 bags on Thursday. In the benchmark market of Kota, the Badami variety and the Eagle variety both down 100 rupees from the previous day. On the NCDEX, the most active June contract of the spice traded down 0.3% from the previous settlement.

NCDEX coriander up on low crop view, bargain buying.

The May and June contracts of coriander on the NCDEX gained because of a likely decline in output in 2016-17 (Oct-Sep). Bargain buying by investors after prices fell to a 43-month low on Monday also supported coriander futures. The most-active June contract on the exchange was up 1.1% from the previous settlement. In the benchmark market of Kota, Rajasthan, the Badami variety and the Eagle variety both steady from previous close. Arrivals in Kota and Ramganj were pegged at 5,000 bags (1bag=40kg) up 200 bags.

Coriander prices up in Rajasthan as output seen low.

Prices of coriander rose in the spot markets of Rajasthan due to expectations of low output this year. India coriander output in 2016-17 (Oct-Sep) is seen at around 9 million bags (1bag=40kg), compared with 10 million bags last year. In the benchmark market of Kota, the Badami variety and the Eagle variety both up 100 rupees from previous close. Arrivals in Kota and Ramganj were pegged at 4,800 bags (1bag=40kg) up 1,300 bags.

NCDEX coriander down on profit booking, high stocks.

The May and June contracts of coriander on the NCDEX fell because traders booked profits after the May contract hit a one-week high. The fall was also triggered by a 477-tonne rise in inventories at exchange-accredited warehouses at 30,296 tonne on Tuesday. The front-month May contract on the exchange traded down 0.5% from the previous close. The June contract was down 0.6%.

NCDEX coriander volatile, hits 3% lower circuit.

Futures contracts of coriander on the NCDEX erased early gains and hit 3% lower circuit despite imposition of special margin on sell-side. Profit booking by investors after prices hit a one-week high led to the decline in prices. The total margin on coriander is 17.5%, including additional margin of 2.5%, on all running and yet-to-be-launched contracts. The front-month May contract on the exchange traded down 1.2% from the previous close, while June contract was down 1.3%.

Spot coriander rates up as demand rises, supply down.

Prices of coriander rose in Kota, the benchmark market in Rajasthan, because of pick-up in demand from domestic consumers, as well as low arrivals. In Kota, the Badami variety of coriander and the Eagle variety both up 100 rupees from previous close. Arrivals were at 2,000 bags (1bag=40kg) down 1,000 bags from the previous day. On NCDEX, the front-month May contract of coriander was down 1.7% from the previous settlement. NCDEX has cut the open interest limit for the concentration margin in coriander futures to 50,000 tonne from 61,500 tonne. NCDEX has also withdrawn the margin benefit on early pay-in of the spice against short positions. Coriander futures have fallen nearly 20% in the last seven sessions on the bourse, double the pace of the fall in prices in spot markets.

NCDEX coriander at 4% lower cap on talks of import.

The May and June contracts of coriander on the NCDEX hit their 4% lower circuit today on talk of cheap imports of the spice from Ukraine. The fall was also triggered by a 579-tn rise in inventories at exchange-accredited warehouses to 27,467 tonne on previous close. The most-active May contract on the exchange traded down 4% from the previous close.