Coriander

Prices of coriander gained in Ramganj, a key wholesale market in Rajasthan, because of an increase in demand from domestic retailers and a fall in inventories at exchange warehouses. In Ramganj, the Badami variety was sold for 5,800-5,900 rupees per 100 kg, while the Eagle variety was sold at 6,200 rupees, both up 150-200 rupees from the previous day. About 6,200 bags (1 bag = 40 kg) arrived in Rajasthan today, up by 1,200 bags from previous close.

Futures contracts of coriander on the NCDEX were down nearly 3% today as investors booked profits after prices hit a four-week high of 5,310 rupees per 100 kg on previous close. A 2,400 tonne decline in open interest in the July contract to 28,270 tonne indicated profit booking by participants. The most active July coriander contract on the bourse was at 5,144 rupees per 100 kg, down 2.7% from the previous close.

Futures contracts of coriander on the NCDEX rose over 1% due to a fall in inventories at exchange warehouses and rise in demand from domestic retailers. The most active July contract was up 1.1% from the previous close. Coriander stocks at NCDEX-accredited warehouses were at 30,388 tonne, down by 148 tonne from the previous week. In Kota, the Badami variety was sold for 5,600-5,800 rupees per 100 kg, while prices of the Eagle variety were at 5,800-6,000 rupees, both unchanged from the previous day. About 5,000 bags (1bag=40kg) arrived in Rajasthan, up 500 bags from previous close.

Futures contracts of coriander on NCDEX hit 3% upper limit, tracking spot markets where improved buying lifted prices. The most-active July contract was at 5,040 rupees per 100 kg, up 2.25% from the previous close. Supply in Rajasthan was 4,000 bags (1bag=40kg), almost unchanged from previous close. In Kota, Rajasthan, the Badami variety was sold at 5,600-5,800 rupees per 100 kg, while the Eagle variety was quoted at 5,800-6,000 rupees, both up by 200 rupees from previous close.

July coriander futures on the NCDEX were up because of a decline in supply in Rajasthan markets, as farmers brought less produce due to rainfall in the state. The most-active July contract was at 4,900 rupees per 100 kg, up 0.3% from the previous settlement. Supply in Rajasthan was 4,500 bags (1bag=40kg), down 2,500 bags from the previous day. In Ramganj, a key wholesale market, the Badami variety was sold at 5,900 rupees per 100 kg, while the Eagle variety was quoted at 6,100 rupees, both unchanged from previous day.

Futures contracts of coriander on the NCDEX were down, as traders booked profits after prices rose to a three-week high of 5,280 rupees per 100 kg on previous close. The most-active July contract was at 4,980 rupees per 100 kg, down 0.4% from the previous settlement. The fall in prices was also because arrivals in Rajasthan increased to 7,000 bags (1bag=40kg), up 1,500 bags the previous day. In Ramganj, a key wholesale market, the Badami variety of coriander was sold at 5,900 rupees per 100 kg, while the Eagle variety was quoted at 6,100 rupees, both down by 100-150 rupees from previous close.

Prices of coriander were up in Ramganj, a key wholesale market in Rajasthan, following a rise in demand from domestic retailers amid lower arrivals. In Ramganj, the Badami variety of coriander was sold at 6,000 rupees per 100 kg, while the Eagle variety was quoted at 6,200 rupees, both up by 200 rupees from previous close. Arrivals in Rajasthan were 5,500 bags (1bag=40kg), down 500 bags from the previous day. The most-active July contract traded at 5,200 rupees per 100 kg, up 0.2% from previous close.

The July coriander contract was up on the NCDEX because demand from domestic retailers exceeded the stocks available with farmers and stockists. The most-active July contract traded at 4,990 rupees per 100 kg, up 7 rupees from the previous close. India annual consumption of coriander is 320,000 tonne, and only half of it is left with stockists. In Kota, the benchmark market, the Badami variety of coriander traded at 5,700-5,850 rupees per 100 kg, while the Eagle variety was quoted at 5,900-6,000 rupees, both unchanged. Arrivals in Rajasthan were 3,800 bags (1bag=40kg), up 500 bags from previous close.

Futures contracts of coriander rose over 1% on NCDEX because arrivals in the spot markets of Rajasthan were declining. The most-active July contract traded at 5,120 rupees per 100 kg, up 1.3% from the previous close. In the benchmark market of Kota, the Badami variety of coriander traded at 5,700-5,850 rupees per 100 kg, while the Eagle variety was quoted at 5,900-6,000 rupees. Prices of both varieties were up 200 rupees from previous close. Arrivals in Rajasthan were 3,300 bags (1bag=40kg), down 1,100 bags from the previous day.

The NCDEX has marked 2,160 tonne of coriander for staggered delivery in the June contract. The bourse has also marked 1,530 tonne of soybean, 260 tonne of cottonseed oilcake, 240 tonne each of castor seed and guar seed, 200 tonne of guar gum, 195 tonne turmeric, 170 tonne of barley and 78 tonne of jeera staggered delivery. Staggered delivery is used to check any artificial rise in prices. Under this mechanism, sellers can indicate intention of delivery to the exchange during the tender period, currently a 10-day span before the contract expires.

Futures contracts of coriander rose over 2% on the NCDEX because demand from domestic retailers was higher than the stocks available with farmers and stockists. The most-active July contract traded at 4,983 rupees per 100 kg, up 2.4% from the previous close, after it hit the 3% upper circuit in early trade. India annual consumption of coriander is 320,000 tonne, and the amount left with stockists is only half of it. In Kota, the benchmark market, the Badami variety of coriander traded at 5,700-5,750 rupees per 100 kg, while the Eagle variety was quoted at 5,900-5,950 rupees. Prices of both the varieties were up 100 rupees from previous close. Arrivals in Rajasthan were largely unchanged at 4,400 bags (1bag=40kg).

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.

Futures contracts of coriander on the NCDEX were up as supplies in Rajasthan markets are likely to decline because stockists are holding on to their produce in anticipation of a rise in prices. The most active July contract was at 4,820 rupees per 100 kg, up 0.9% from the previous settlement. In Kota, the benchmark market, the Badami variety of coriander was sold at 5,700 rupees per 100 kg, while the Eagle variety was quoted at 5,900 rupees, both up 100-150 rupees from previous close.

Futures contracts of coriander on the NCDEX were up over 1% because of lower availability of stocks with farmers. The front-month July contract was at 4,820 rupees per 100 kg, up 1.4% from the previous settlement. India total annual consumption of coriander is 320,000 tonne, and the amount left with stockists is only half of it. Farmers in the state have very less produce left with them and most of the crop is lying with stockists, who are refraining from selling as they await a rise in prices. In Kota, the benchmark market, the Badami variety was sold at 5,600 rupees per 100 kg, while the Eagle variety was quoted at 5,800 rupees, both up 100 rupees from previous close. Arrivals in Rajasthan were 5,000 bags (1bag=40kg), up 3,000 bags from previous close.

Coriander contracts on NCDEX fell nearly 2% as investors booked profits after prices rose on previous close. Coriander futures also came under pressure following a rise in imports. NCDEX July coriander contract was down 1.8% at 4,592 rupees per 100 kg, while the June contract was down 1.8% at 4,592 rupees per 100 kg. In Kota, the benchmark market for coriander, the Badami variety sold for 4,700 rupees per 100 kg, while prices of the Eagle variety were at 4,900 rupees, almost unchanged from previous close. About 1,000 bags (1 bag = 40 kg) arrived in Kota market, unchanged from previous close.

Futures contracts of coriander on the NCDEX hit the 4% upper circuit today as investors covered their short positions after prices slipped to a four-and-a-half-year low of 4,535 rupees per 100 kg. The most-active June contract was at 4,807 rupees per 100 kg, up 3.7% from the previous settlement. Decline in supply in the physical markets also boosted sentiment. Arrivals in Rajasthan were 4,300 bags (1bag=40kg) down 2,200 bags from the previous day.

Futures contracts of coriander on the NCDEX were trading higher as investors covered their short positions after prices slipped to a four-and-a-half-year low of 4,535 rupees per 100 kg in early trade. The most active June contract was at 4,650 rupees per 100 kg, up 0.8% from the previous settlement. Prices of coriander also rose because of improved demand from stockists. Arrivals in Rajasthan were pegged at 6,500 bags (1bag=40kg), up from 2,800 bags on previous close.

Futures contracts of coriander on the NCDEX extended losses and slipped to a four-and-a-half-year low of 4,583 rupees per 100 kg because of a rise in production in 2016-17 (Oct-Sep). The most-active June contract was at 4,618 rupees per 100 kg, down 1.8% from the previous settlement. Higher imports of coriander from Ukraine, Bulgaria, and Russia also dampened sentiment. India is likely to have imported around 12,000-13,000 tonne of coriander at $400 per tonne in 2016-17 (Apr-Mar), according to trade estimates. Despite 36% import duty, the imported variety is cheaper compared to the Indian variety.

Futures contracts of coriander were up on the NCDEX as investors covered their short positions after prices slipped to a four-and-a-half-year low of 4,730 rupees per 100 kg on previous close. The most-active June contract traded at 4,749 rupees per 100 kg, up 0.4% from the previous settlement. At Kota, the benchmark market for coriander in Rajasthan, the Badami variety and the Eagle variety both unchanged from previous close. Arrivals in Ramganj and Kota markets were at 3,800 bags (1bag=40kg) down 900 bags from the previous day.

Futures contracts of coriander on the NCDEX extended losses and hit a four-and-a-half-year low of 4,745 rupees per 100 kg because of a rise in cheap imports from Ukraine, Bulgaria and Russia. The most-active June contract traded at 4,770 rupees per 100 kg, down 3.2% from the previous settlement. At Kota, the benchmark market for the commodity, the Badami variety was quoted at 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 Rajasthan were unchanged at 4,700 bags (1bag=40kg).