India: Coriander prices rally as lower arrivals, fresh buying lift market sentiment

• Open interest shifts to deferred contracts, signalling bullish expectations
  
  
• Traders, stockists show renewed interest amid monsoon-related supply concerns
  
  

India's coriander market extended its upward momentum during the week ended 19 June 2026, driven by lower arrivals, active buying from stockists, and fresh participation in NCDEX futures. Spot coriander prices in Kota increased by INR 1,139/t w-o-w to INR 14,631/t, while futures contracts posted even stronger gains, reflecting growing confidence in the market's near-term outlook.

Deferred contracts lead the rally

The strongest gains were seen in futures contracts, with the June contract rising by INR 2,008/t to INR 14,892/t. The August contract climbed by INR 1,498/t to INR 14,722/t, while the October contract gained INR 1,520/t to INR 15,296/t. The premium of futures over spot prices indicates expectations of tighter supplies and firm demand during the monsoon period.

Market participants reported increased buying interest from traders and stockists amid concerns that seasonal arrivals could remain subdued in the coming weeks.

Open interest points to fresh long positions

NCDEX open interest data reinforced the bullish tone. While open interest in the June contract declined sharply to 570 lots from 7,845 lots due to contract rollover, positions shifted aggressively to deferred contracts. Open interest in the August contract rose 23% w-o-w to 24,775 lots, while the October contract increased to 2,210 lots from 1,800 lots.

The rise in both prices and open interest suggests fresh buying rather than short covering, highlighting positive market sentiment.

Supply remains supportive

Arrivals declined by 19% w-o-w to 2,835 t from 3,518 t, reducing immediate market supplies. Exchange-monitored stocks were reported at 1,506 t in Kota and 15,384 t in Gondal. Despite the availability of certified stocks, demand absorption remained strong, preventing any pressure on prices.

Outlook

Coriander prices are expected to remain firm in the short term, supported by lower arrivals, healthy buying interest, and bullish futures market signals. Any further tightening in arrivals or improvement in domestic demand could provide additional support to prices.