CORIANDER PLUNGES ON STRONG SUPPLIES IN MAJOR MANDIES
DATE: 17/04/2012
Bearish trend prevailed in coriander futures on the heels of strong arrivals in major mandies along with restricted offtake by traders at current levels. The NCDEX futures wilted almost R 100 per quintal from the higher levels.
As per market sources, the total arrivals of around 0.80-1.10 lakh bags (1 bag = 40 kgs ) were reported in all the major mandies from the last one week. The spot prices of new coriander were trading in the range of R 3100-3400 per quintal.
Consequently, the NCDEX May Benchmark futures slumped by almost R 110 per quintal from higher levels to trade at R 4096 per quintal.
POWERED BY: COMMODIITY INSIGHTS
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