Expect Coriander futures to trade downside: Geofin Comtrade

Geofin Comtrade report on CorianderCorianderCoriander futures witnessed a choppy trade due to liquidation of long positions on expectations of a further fall in prices . The prices were unchanged in the spot market of Kota due to steady arrivals and demand . The badami quality coriander was sold for 6 , 000 - 6 , 100 rupees per 100 kg in Kota , unchanged from Saturday . About 4 , 000 bags ( 1 bag = 40 kg) arrived in Kota, 3 , 500 bags in Ramganj and 2 , 000 bags in Baran.Total stocks of coriander in NCDEX accredited warehouses as on 12 th June 2016 stood unchanged compared to previous day at 3326 tonnes and 40 tonnes are in process.Outlook : Coriander futures may extend the weakness as subdued demand for the spice may keep prices under pressure, while limited arrivals are likely to restrict sharp downside in the prices . As well, prospects of rise in demand from domestic and overseas markets at lower level may too limit the price fall . PVO Analysis indicates weakness for the day.For all commodities report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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