The National Commodity & Derivatives Exchange (NCDEX) informed that 12% of Coriander stocks in the warehouses are defective. In an independent audit commissioned by the exchange the stocks have failed to pass the test.
The Coriander stocks are stored in the NCDEX accredited warehouses in Ramganj Mandi and Kota, these storages are managed by National Bulk Handling Corporation (NBHC).
The NCDEX has tested all the 2240 tonnes of Coriander available in the warehouses and 1410 tonnes has conformed to the exchange specifications on all parameters. Of the remaining 830 tonnes, 270 tonnes failed on the parameter of damaged / discolored seeds and 10 tonnes had splits above the acceptable level, while 10 tonnes had weevilled seeds marginally above 0.5 percent. The balance stocks of 540 tonnes showed moisture slightly exceeding permissible level of 9 percent.