Kirti Trading Company KI KTC

09/03/2021

09/03/2021

18/02/2021

Dhania Market Update 2021.
February 19th

Coriander Production.
This year production of coriander seems to be drastically varied as compared to last year 2020.

In Rajasthan and M.P crop is estimated to be around 40-42 lakhs bags (1 bag is equivalent to 40 kg.) as compared to 50 lakhs last year.

In Gujarat, crop is estimated to be around 40-45 lakhs compared with 30-32 lakhs last year.

Other states are observed to be around 8-10 lakhs.

With this, Total new production for year 2020 is estimated around 85 lakhs to 90 lakhs bags.

Carry Forward.
This became a very important subject as last year carry forward assumptions made things dicey. This year we are assuming carry forward ranged max around 25-27 lakhs bags.

Total availability of coriander seeds - 1.10 crores bags(approx.)

Per hectare acreage.
Per hectare acreage in some areas of Rajasthan ( around Ramganjmandi area) is very less as normal due to lack of water while in some areas it is same as previous years.

Weather.
This year weather is good for cultivation of coriander seeds. There is no big problem ( natural calamity) with the climatic conditions suitable for coriander seeds.

Demand and Supply.
If compared to last year of Corona phase many people and companies were very much badly affected due to Corona. But this year people are with positive attitude and willing to do more business. So my idea is that demand will be more as compared to the last year.

Price Idea.
With all these data collected we are getting that availability of coriander seeds will be slightly lesser than the demand. Export and import is assumed to be equal.
But every year carry forward is there with minimum of 20 lakhs bags. So at the year end we can be short of around 20 lakhs bags which can improve the price of coriander seeds.

Buying Tip.
EAGLE QUALITY LOOSE MANDI AROUND ₹55 per kg.
And BUY AT EVERY DIP.

Note- This is entirely my idea( Opinions may vary).

29/08/2020

16/02/2020

Dhania Market Update 2020.
February 16th.

Coriander Production.
This year production of coriander seems to be drastically varied as compared to last year 2019.

In Rajasthan and M.P crop is estimated to be around 50 lakhs bags (1 bag is equivalent to 40 kg.) as compared to 60 lakhs last year.

In Gujarat crop is estimated to be around 40-42 lakhs compared with 15-17 lakhs last year.

Other states are observed to be around 8-10 lakhs.

With this, Total new production for year 2020 is estimated around 1 crore to 1.10 crore bags.

Carry Forward.
This became a very important subject as last year carry forward assumptions made things dicey. This year we are assuming carry forward ranged around 25-35 lakhs bags as compared to 65-75 lakhs last year.

Total availability of coriander seeds - 1.30 crores bags(approx.)

Weather.
This year weather is very suitable for cultivation of coriander seeds. There is no big problem with the climatic conditions suitable for coriander seeds. Per hectare acreage can be better compared to last few years.

Price Idea.
With all these data collected we are getting that availability of coriander seeds will be approximately equal to the demand of coriander seeds.
But every year carry forward is there with minimum of 15-20 lakhs bags. So at the year end we can be short of around 15 lakhs bags which can improve the price of coriander seeds.

Note- This is entirely my idea( Opinions may vary).

28/04/2018