Commodity Prices of Coriander Hiked on Proceeding Buying.

Commodity Coriander

The Agri commodity Coriander futures become higher on improved buying interest. The Spot  commodity prices remained stable and traded near Rs 4100 per quintal and arrivals were estimated near 2500 bags compared with 5000 bags in previous day.

The commodity production of coriander in 2010-11 is near about 90 lakh bags a estimated value and carry over stocks has been estimated near about 20 lakh bags. However other trade sources are showing much lesser production estimates of 60-65 lakh bags due to lower acreage of cultivation.
The weather condition for this commodity during the sowing period is seemed erratic and it had decreased the collectivity under cultivation. The commodity arrivals of coriander  usually starts from mid of February and extent till may end.