Coriander

Futures contracts of coriander were down on the NCDEX because traders booked profits after the December futures hit a seven-month high. The most active January contract ended down 0.3% from the previous close. The prices had risen earlier in anticipation of lower acreage under the spice in the major growing states of Gujarat and Rajasthan in the ongoing rabi season.

Futures contracts of spices, except coriander, may decline on domestic exchanges next week. Futures contracts of coriander, however, may gain as acreage under the crop is expected to fall in the ongoing rabi season. Farmers shifted to chana due to unattractive prices of coriander in the last season and poor rainfall during Jul-Sept.

The most active January contract of coriander fell around 1% on the NCDEX as traders booked profits after the contract hit a seven-month high. The January contract traded down 1% from the previous close.

Futures contracts of coriander on NCDEX hit the 3% upper limit on expectations of a decline in acreage in the ongoing rabi season. The most-active January contract of coriander was up 3.1% from previous close. Spot prices in Ramganj, Rajasthan, also rose tracking futures.

Futures of coriander fell over 1% on the NCDEX due to profit booking by market participants, a day after prices hit a six-month high. Low prices of coriander have resulted in farmers shifting towards more lucrative crops such as ginger and jeera in major producers Rajasthan and Gujarat. The most-active December contract of coriander traded down 1.2% from the previous close.

Futures contracts of coriander on the NCDEX ended down because investors booked profits after prices hit a six-month high. The most-active December contract of coriander closed down 0.24% from the previous close.

Prices of coriander were up in Kota–the benchmark market–because of a likely drop in acreage in the producing regions, this rabi season.The fall in area is due to unattractive prices for the crop last season.

Futures contracts of coriander on NCDEX were in the red because investors booked profits after prices hit a six-month high. The most-active December contract of coriander was down 0.6% from the previous close.

Futures contracts of all spices, barring cardamom, ended higher on domestic exchanges. Futures contracts of coriander and turmeric hit their 3% and 4% upper circuits, respectively, due to lower supplies in spot markets. Arrivals of coriander in Rajasthan were pegged at 5,000 bags (1 bag = 40 kg), down 1,400 bags, while those of turmeric in Erode, Tamil Nadu, were down by 2,500 bags (1 bag = 70 kg) at 3,000 bags. The rise in coriander prices was also because of a likely fall in acreage in 2017-18 (Oct-Sep).

Futures contracts of coriander traded higher on the NCDEX because demand for the commodity rose after prices fell to a three-week low of 4,921 rupees per 100 kg. Coriander futures also rose as acreage under the spice is seen declining in 2017-18 (Oct-Sep) on the back of unattractive prices in the past season.

Futures contracts of all spices, barring coriander, ended higher on domestic exchanges. Contrary to the trend in other spices, coriander prices settled over 1% lower, pressurised by a likely rise in supply in spot markets, as 840 tn of the spice has been marked for staggered delivery in the November contract.

Futures contracts of coriander traded higher on the NCDEX as traders bought more at low prices after the contracts fell nearly 4% in the past eight trading sessions. The most-active December contract was up 0.3% from the previous close. In earlier sessions, prices fell due to weak domestic and export demand. Prices of the spice were largely unchanged in spot markets on the back of weak demand and a fall in supply.

Coriander prices fell by 1.72 per cent in futures market as participants cut down positions amid muted domestic and export demand against ample stocks position. Besides, higher supplies from major growing regions influenced coriander futures. The fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.

Farmer can application on maximum four hectare in the Horticultural Mission for getting the grant.

Futures contracts of coriander traded over 1% higher on NCDEX as arrivals increased in the Ramganj mandi. Expectations of a sharp decline in sowing area during the ongoing rabi season owing to lower prices may cushion coriander futures from a major fall.

Coriander and jeera prices were up at the wholesale kirana market in the national capital mostly supported by increased buying by retailers and stockists amid low stocks. Besdies, firming trend in futures market and restricted supplies in the domestic market also supported the uptrend.

Futures contracts of coriander hit a one-week high on NCDEX, tracking gains in spot markets in Rajasthan. The front-month November contract was up 1.4%, while the most-active December contract of coriander traded 1.5% higher on NCDEX. Prices rose following a decline in arrivals in spot markets. Arrivals declined as farmers in the state remain busy preparing their land for rabi sowing.

Futures contracts of spices except jeera and coriander on domestic exchanges ended lower. Coriander futures ended higher because investors covered their short positions after prices hit a three-week low earlier. A likely decline in the area under the spice this rabi season also supported coriander prices.

The futures contracts of coriander on NCDEX were down nearly 3% as investors booked profits. The most active November contract on NCDEX ended down 2.7% from the previous close. The prices are expected to rise again as the fundamental sentiment is bullish for coriander due to expectations of lower acreage this rabi season.

Futures contracts of coriander rose nearly 1% on NCDEX due to a decline in inventory of the spice in exchange-accredited warehouses. The most-active November contract was up 0.7% from the previous close. In the NCDEX-monitored warehouses, stocks of coriander stood at 7,935 tonne down from 8,463 tonne previous day. Further, concerns over a fall in area under the spice in the upcoming sowing season also supported prices. Current low prices and likely low soil moisture content due to poor rainfall in Gujarat, Rajasthan and Madhya Pradesh in the past few weeks are seen leading to lower sowing of coriander this year.