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Right now, lower temperature in major coriander seed growing areas is a major concern for coriander growers as it harms the flowering of coriander crop.

10 Jan 2013

MUMBAI(Commodity Online): With robust volumes driving the futures trade, coriander futures are set to hit the upper circuit. Futures for delivery on April 19 was spotted trading at Rs.7048 a quintal, a gain of 3.8% as of 1.39 PM IST. It has seen intra-day highs of Rs.7062.

Right now, lower temperature in major coriander seed growing areas is a major concern for coriander growers as it harms the flowering of coriander crop.

Coriander prices may remain high for long term as far as present market conditions are concerned.

According to the traders, the coriander production in coming season is estimated around 60-80 lakh bags against 1.10 crore bags (1 bag = 40 kg) of the last year.

Coriander sown area has significantly declined from 25 to 30 percent against last year's total sown area. Sowing got late as a result of late harvesting of kharif coriander crop.

According to the market reports, India's coriander exports during April-November 2012 are estimated at 12 lakh bags (1bag=40kg) against 8 lakh bags that were reported in the same period last year.


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