Thursday, June 30, 2011
NCDEX Coriander edges higher on low arrivals
MUMBAI (Commodity Online): Coriander futures prices gained almost 1% today in the wake of weak arrivals in major mandies.
As per market sources, the major mandi of coriander , Kota mandi has reported the daily arrivals of 2000 ( I bag = 40 kgs ) against 2500 bags that were reported last day.
While the spot prices of coriander Badami and Eagle quality were trading around Rs 3700 and Rs 4100 per quintal respectively, up Rs 100 per quintal from the previous day.
Similarly, the NCDEX July futures augmented by almost Rs 42 per quintal to trade at Rs 4182 per quintal today.
Saturday, May 7, 2011
Coriander slumps on rising stocks
Coriander futures edged lower on arrival sentiments. Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Courtesy: Geojit Comtrade Limited
Tuesday, May 3, 2011
Coriander tumbles on higher arrivals
Coriander futures edged lower on arrival sentiments. Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Courtesy: Geojit Comtrade Limited
Tuesday, April 26, 2011
Coriander surges on short covering
Coriander futures edged higher on bargain hunting followed with short covering efforts. Spot prices trade within a range of 4500-4600 and fresh arrivals in Kota were reported near 8000 bags.
Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Courtesy: Geojit Comtrade Limited
Saturday, April 23, 2011
Coriander Gains On Weak Supplies In Major Mandies
Coriander prices spurted by more than Rs. 100 per quintal in futures market in the wake of strong stockiest demand in major mandies .
As per market sources, poor production in the current season also reduce the stockiest liquidation at lower levels. Most of the states have reported the weak production in the current season on the back of steep decline in sowing acreage coupled with erratic weather situation during the crop formation period. On the basis of that we are currently projecting the total production of 2010-11 is likely at 60-65 lakh bags against 1 crore bags reported last year.
The NCDEX May coriander futures were currently trading at Rs. 5419 per quintal , up Rs. 111 per quintal from the previous close.
Monday, April 18, 2011
Coriander trades up on low production estimates
Coriander futures edged higher on stockiest demand. Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Courtesy: Geojit Comtrade Limited
Monday, April 11, 2011
Coriander declines on low production estimates
Coriander futures edged higher on improved demand. Arrivals in Kota are reported near 7000-8000 bags.
Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Courtesy: Geojit Comtrade Limited
Thursday, April 7, 2011
Coriander plunges on increased arrivals
Coriander futures declined on profit booking. Arrivals in Kota are reported near 7000-8000 bags.
Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Monday, April 4, 2011
Coriander jumps on low production estimates
Coriander futures turned higher on lower production estimates. Arrivals in Kota are reported near 7000-8000 bags.
Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags. However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Coriander Slumps On Fresh Supplies In Major Mandies
Coriander prices witnessed some selling today on the heels of mounting arrivals in major mandies along with comfortable opening stocks in the current year. The future prices of coriander shrugged off almost Rs. 100 per quintal from its intraday highs.
As per market sources , fresh daily arrivals of around 7000-10000 bags of coriander were reported in Kota mandi while the prices of Badami quality were reported at Rs. 4200-4300 per quintal, Eagle quality at Rs. 4400- 4500 per quintal and Superior quality at Rs. 4700-4900 per quintal. Similarly, total daily arrivals of around 20000-22000 bags were reported in Ramganj mandi with the prices of Badami and Eagle quality were traded at Rs.4200 and Rs. 4500 per quintal respectively. Traders are expecting further gains in total arrivals from April month.
The NCDEX April future prices wilted almost Rs. 100 per quintal from its intraday highs and were trading at Rs. 5036 per quintal today.
Monday, March 28, 2011
Spot Market Update : Coriander Jumps Almost 1% On Bargain Buying
Bargain buying seen in coariander market at lower levels due to weak production in the current year.
As per market sources, fresh daily arrivals of around 10000-12000 bags of coriander were reported in Kota mandi while the prices of Badami quality were reported at Rs. 3600-3800 per quintal, Eagle quality at Rs. 3900- 3950 per quintal , up Rs. 200 per quintal from the last day.
Similarly, total daily arrivals of around 25000-28000 bags were reported in Ramganj mandi with the prices of Badami and Eagle quality were traded at Rs. 3600 and Rs. 3900 per quintal respectively, gained Rs. 200 per quintal today.
Coriander jumps on bargain buying
Coriander futures turned higher on bargain hunting. Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Tuesday, March 22, 2011
Coriander slumps on selling pressure
Coriander futures edged lower on profit booking. Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Monday, March 21, 2011
Coriander ends higher on domestic demand
Coriander futures edged higher on better demand prospects. Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Friday, March 11, 2011
Coriander ends lower on production estimates
Coriander futures edged higher on lower production estimates. Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Thursday, March 10, 2011
Coriander gains on low production estimates
Coriander futures edged higher on lower production estimates. Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Tuesday, March 1, 2011
Coriander ends higher on extended buying
Coriander futures edged higher on renewed buying interest in the counter. Spot prices traded near Rs 3700 per quintal and fresh arrivals are reported near 1500 bags.
Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Saturday, February 26, 2011
Coriander drops on fresh arrivals
Coriander futures continued to decline on fresh arrivals in the physical market. Spot prices traded near Rs 3700 per quintal and fresh arrivals are reported near 1500 bags.
Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Wednesday, February 16, 2011
Coriander trades down on profit booking
Coriander futures declined on profit booking. Spot prices remained firm and traded near Rs 4920 per quintal and arrivals were estimated near 4000 bags.
Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60- 65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
Sunday, February 13, 2011
Coriander ends higher on reduced arrivals
Coriander futures escalated on decline in arrivals.
Spot prices remained firm and traded near Rs 4920 per quintal and arrivals were estimated near 4000 bags. Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60- 65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.
