As Dhaniya proceeded with his song, the Buddha added a verse to each one of Dhaniyas. The Buddha heard the song at Savatthi, seven hundred leagues away, and having travelled through the air, stood over Dhaniyas dwelling. One day, while he was in this house, having finished his preparations for the approach of the rains, he sat meditating on his comfortable circumstances and broke forth into song in token of his happiness. In the dry season he lived on an island formed by the two forks of the river Mahi, and in the rainy season in a house on the upland. He had seven sons and seven daughters and numerous retainers. He had thirty thousand oxen and twenty thousand cows. He was a setthiputta of Dhammakonda in Pabbatarattha, which belonged to the kingdom of Videha. A herdsman living on the bank of the river Mahi. Moneycontrol.Dhaniya in Theravada glossary Source: Pali Kanon: Pali Proper Names
Disclaimer: The views and investment tips expressed by investment expert on are his own and not that of the website or its management. The author is Executive Director at Choice Broking. Overall, we maintain our bearish view in NCDEX Dhaniya (June) Futures for the month ahead. However, the bearish view can be reversed if NCDEX Dhaniya (June) Futures close above the resistance of Rs 6,000. In consideration with the above factors, we are bearish on NCDEX Coriander Futures for the month ahead.įor short term prospects, one can initiate a short position in NCDEX Dhaniya (June) at CMP Rs 5,630 per quintal or rise in the prices till Rs 5,700 level, should be used as a selling opportunity for the downside target of Rs 5,100/4,900. But then, extremely lower prices of coriander could bring fresh buying from the downside. India also imports coriander seeds from Russia and Bulgaria during the June-August period due to higher medicinal value in the coriander seeds from the said countries compared with the native. In addition, the export demand from India in the current period is lower due to higher supplies from global producers such as Russia and Bulgaria. The pending harvesting due to lockdown situation has been nearly completed and so far there have been no major crop damage reports. Moreover, good monsoon forecasts in the current year could keep the market sentiment weak. Current year masala millers buying has been only 60-65% of their total capacity which is not likely to support the prices in the coming month June.
Nifty50 may move towards 16000-16200 levels in coming weeks: Sumeet Bagadia of Choice Brokingīut then prices have mainly remained on the lower side amid higher stocks from last year and the expectation of higher production for the year 2019-20.įundamentally for the month ahead, we are expecting NCDEX Coriander futures to witness downtrend as the demand during the current season is estimated to be lower due to continued lockdown situation in the said states due to rising COVID-19 cases on a daily basis. This has led to near negligible arrivals in the domestic markets eventually leading to no major price discovery between the spot and the future prices. NCDEX Coriander Future price has traded volatile during the month of April and May so far owing to lockdown situation in the major states of Madhya Pradesh, Gujarat and Rajasthan. Other global market producers of Coriander seeds include Russia, Bulgaria and Italy. India is among the top producers and exporters of Coriander Seed in the international market. The variant that is listed in the NCDEX exchange is the Badami Coriander seeds which are basically light brown in color. Prices differ with different variants based on quality and moisture content in the coriander seeds. There are various variants of coriander seeds grown in India mainly Badami, Eagle, Scooter, Single Parrot, Double Parrot and Special green. Higher prices are generally forecasted to increase sowing of Coriander seeds while lower prices can possibly lead to crop switching to other crops such as Mustard, Garlic and Chana in the earlier mentioned states respectively.
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