NCDEX coriander dn 4th day in row on lack of buyers

Coriander futures on NCDEX declined for the fourth consecutive day and hit a one-week low of 5,120 rupees per 100 kg today because there were very few buyers in the market. The most active May contract of coriander was down 1% from the previous close. Prices may fall by 5 rupees a kg more by May as there is no requirement for coriander as imports are entering India unabated, Whatever is coming at auctions is going into cold storage. However, prices remained steady in Ramganj, the benchmark market, as weak demand was negated by a slump in arrivals.

Chana down on subdued buys from dal millers

Chana prices were down in most markets because of subdued demand from the stockists and dal millers. The arrivals of chana in Delhi was at 300 tn and in Bikaner it was at 100 tn, both unchanged. Traders are waiting for the government procurement in Madhya Pradesh which may support prices slightly but sharp gains are unlikely because of bumper output of the pulse this season. The most active May chana futures on the NCDEX was down 1%.

Coriander down in Kota, Rajkot on supply pressure

Prices of coriander fell in key markets of Gujarat and Rajasthan due to a rise in arrivals. The fall in prices, however, is likely to be limited as arrivals are still lower than normal this year due to a decline in acreage of the crop. The most active May contract of coriander on NCDEX traded 0.9% lower.

NCDEX mustard seed hits 3-mo low tailing spot mkt

The most active April contract of mustard seed on the NCDEX hit a three-month low of 3,897 rupees per 100 kg, tailing losses in the benchmark market of Jaipur in Rajasthan. Prices of mustard seed were down in Jaipur due to a rise in arrivals amid weak demand from stockists.