India: Coriander’s Future Is Bright

Current Scenario 

Due to the financial year-end, most of the marketing yards were close. Few of the local markets were open on a high note. Trade took place in a few mandis of Rajasthan. All mandis are open from today. Due to the strong demand, arrival pressure in all the mandis is good. The farmers are also willing to sell goods at the current level. There is a high demand from stockists and branded spices traders for Coriander.

Overall demand is less in the domestic and international markets. In Middle East countries, customers have already fulfilled their need for Ramdan, and they are, as of now, silent. Next week there will be inward pressure on new crop arrival in the markets; therefore, the market might move in any direction from today onwards.

Future Trend

After April 15, the arrival of Coriander in the mandis of Gujarat might decrease. Traders state that there is not much bearish trend expected in Coriander. The advice from experts is that Coriander has a promising future. Therefore customers may buy at the current price level.

The trend is bullish in Coriander. 

Price Trend

Coriander Eagle 5% Split

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