Coriander

The April contract of coriander on NCDEX hit a three-week high of 5,412 rupees per 100 kg due to expectation of a fall in output this year. The contract ended up 0.3% from the previous close. Lower area under coriander has resulted in less-than-expected arrivals this year. However, prices of the spice were unchasddnged in Kota, the benchmark market, as higher demand negated the effect of a surge in arrivals in Rajasthan.

Prices of coriander rose for the second consecutive day in Kota, Rajasthan due to a pick up in demand from spices makers at prevailing lower rates. Prices of coriander had declined in the last few days due to a rise in supply at key markets of Madhya Pradesh, Gujarat and Rajasthan.

Futures contracts of coriander hit the 3% initial upper circuit on the NCDEX tracking gains in spot market. The most active April contract of coriander on NCDEX was up 3.6% from the previous close.

Prices of coriander were flat in Kota, Rajasthan, due to subdued buying. As the last working day the financial year ending March, there was not much trading.

Coriander futures on NCDEX ended over 1% higher as investors covered short positions after prices hit a four-month low. The most active April contract of coriander on NCDEX up 1.1% from the previous close.

Coriander futures on NCDEX were down as supply of the new crop from major producing centres such as Rajasthan, Madhya Pradesh and Gujarat is expected to rise further in coming days. The most active April contract of coriander on NCDEX traded Harvesting will continue for 15 more days which may lead to higher supply, Whatever is coming to the market is bought by cold storagesdown 0.3% from the previous close.

Coriander futures on NCDEX hit a three-month low due to a rise in supply of the new crop. The most active April contract of coriander on NCDEX traded down 0.4% from the previous close.Prices were unchanged in spot markets as higher demand for the new crop consumed the entire supply.

Futures contracts of coriander on NCDEX hit an over two-month low of 5,222 rupees per 100 kg because arrivals of the spice are seen rising from major producing states such as Rajasthan, Madhya Pradesh and Gujarat in coming days. The most-active April contract of coriander on NCDEX traded down 2.2%.

Prices of coriander rose in Kota, Rajasthan, due to firm demand from stockists for crop containing lower moisture quantity. Arrivals are likely to increase in Madhya Pradesh and Gujarat as harvesting will gather pace in coming days. The most active April contract of coriander on the NCDEX ended 4 rupees higher.

Prices of coriander rose in Kota, Rajasthan, as demand for new crop rose while production declined in 2017-18 (Oct-Sep) owing to unattractive returns last season. Ramganj market was closed on account of a local festival.

Prices of coriander were almost unchanged in Ramganj, a key wholesale market in Rajasthan, as the effect of firm demand was negated by higher arrivals. The prices of coriander are likely to remain steady in the coming week due to thin trade ahead of Navratri.

Prices of coriander rose in Kota, Rajasthan because of higher domestic demand amid expectations of a decline in production in the current year. Demand for the well-dried spice is rising as the heat is helping the moisture subside.

Futures contracts of coriander on the NCDEX ended higher because of firm domestic demand for the new crop. The most active April contract of coriander on NCDEX ended up 0.1%. Prices also gained as pace of the arrivals is also low this year, compared to the corresponding period last year, due to lower production and delayed harvesting.

Futures contracts of coriander on the NCDEX ended higher because of firm domestic demand for the new crop. The most active April contract of coriander on NCDEX ended up 0.1% at 5,447 rupees per 100 kg. Prices also gained as pace of the arrivals is also low this year, compared to the corresponding period last year, due to lower production and delayed harvesting.

Prices of coriander rose in Kota due to lower arrivals in Rajasthan amid a decline in production in 2017-18 (Oct-Sep).

Futures contracts of coriander on NCDEX fell due to expectations of a rise in supply in markets in the coming days. The most active April contract was at 5,440 rupees per 100 kg, down 0.2% from the previous settlement. Arrivals are seen rising as harvesting of the new crop is underway in full swing in top producers Rajasthan and Gujarat. Export buying activities in the current season is expected to stay steady to lower while import into India is likely to be unchanged mainly from Russia and Ukraine due to uncompetitive prices.

Prices of coriander fell in Kota, Rajasthan in anticipation of rise in arrivals this week. Firm demand for well-dried coriander, however, restricted a major fall in prices.

Prices of coriander rose in Kota today due to a fall in arrivals coupled with an increase in demand from spice makers due to better quality of the crop. However, supplies are likely to gain pace in coming days with an increase in harvesting activity. The most active April contract of coriander on NCDEX traded 0.9% higher.

Futures contracts of coriander on the NCDEX rose as investors bought the commodity after prices fell to a near one-week low of 5,420 rupees per 100 kg. The most-active April contract was at 5,514 rupees per 100 kg, up 0.5% from the previous close. Higher arrivals from Gujarat and Madhya Pradesh, the other major producers, are likely to keep coriander prices under pressure in the near term.

The Spices Board India has asked the government to impose a minimum import price of 6,000 rupees per 100 kg on coriander in addition to the existing import duty so as to support domestic prices of the spice. Recommended late last year and again sent a reminder to the commerce ministry to levy the minimum import price of 60 rupees a kg. Currently, prices are hovering around 5,600 rupees per 100 kg, while landed price of coriander imported from Ukraine and Russia is around 4,000 rupees even after paying 36.5% import duty which includes 5% integrated goods and services tax.