Coriander futures traded mixed on sluggish demand amid high supplies of new crop in the spot markets. Meanwhile, the spot prices stood steady as most buyers are waiting for arrivals of good quality crop that are likely to gain momentum by March. Total coriander arrivals in Rajasthan were around 7000 bags.
The prices traded higher during the last few days on concerns that unfavorable weather in Rajasthan may have damaged the coriander crop. However, there are reports that damage to coriander crop in Rajasthan is unlikely to hurt the country’s total output much as overall acreage has increased and yield is seen high.