NCDEX coriander up on low supply, domestic demand.

Coriander futures were up on the NCDEX as arrivals in Rajasthan declined, and demand from local stockists rose. The most active July contract was at 4,870 rupees per 100 kg, up 0.6% from the previous settlement. In Kota, the benchmark market, the Badami variety of coriander was sold at 5600-5,650 rupees per 100 kg, while the Eagle variety was quoted at 5,800-5,850 rupees, both up 100 rupees from previous close. Arrivals in Rajasthan stood at 4,400 bags (1bag=40kg), down 1,100 bags from the previous day.

India coffee exports during Jan 1- Jun 12.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

MCX cotton down on higher output expectations.

Futures contracts of cotton on the MCX fell because of expectations of a higher production in the country, backed by a rise in acreage. Farmers in the country had sown cotton across 1.41 million hectares as of Jun 8, up 42.4% on year, according to the agriculture ministry’s sowing data for 2017-18 (Jul-Jun). Higher ending stocks of cotton with farmers also weighed on the sentiment. The USDA has scaled up its estimate for ending stocks of cotton in India for 2017-18 (Aug-Jul) to 13.34 million bales (1USbale=480pound) from 13.24 million bales projected in May. On the MCX, the June contract was at 20,390 rupees per bale (1bale=170kg), down 0.7% from the previous close.