Last Updated :
September 02, 2011 13:20
Coriander plunges on selling pressure
Coriander futures tumbled on increased arrivals in the market. Weak trading activities also put pressure on prices.
Volume had shown a declining trend which shows declining participation on continuing bearish sentiments. Total carry over stocks has been estimated 25-30 lakh bags.
Erratic weather condition during the sowing period had decreased the acreage under cultivation.
As per Ncdex reports, Coriander production in 2010-11 is estimated to be around 2.8-3 lakh MT. And for the year, 2010- 11, India exported 40500 MT.
Courtesy: Geojit Comtrade Limited
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