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Cardamom News - Expected lower ending stocks supported the Coriander prices in the spot market
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Expected lower ending stocks supported the Coriander prices in the spot market

Firm sentiment witnessed in Coriander spot market on Tuesday. Buyers from consumer center like Bihar, UP are active in the spot market mainly in Gondal, Kota, Ramganj mandi due to good quality.
 
Earlier Agriwatch estimates, lower ending stocks for 2021-22 (marketing year) and expected to  support the Coriander prices. As per Agriwatch (AW) supply and demand analysis, Stock-to-Use ratio for 2020-21 (marketing year) was 28.95%.  AW estimates, Stock-to-Use ratio for 2021-22 (marketing year) 16.48% as a result of lower production. Buyers likely to active further in the spot market. 
   
As per Agriwatch production estimate, Coriander production for 2021-22 (marketing year) is estimated at 342,435 MT (85 lakh bags) compared to last year’s 352,316 MT (88 lakh bags, 1 bag = 40 kg).