GET FREE TRIAL FOR SPICES REPORTS
Market Updates:
Coriander prices were up in the key markets.
NCDEX spot price at the Kota market were closed at INR 6,612 per 100 kg, down INR 26 per 100 kg from the previous close.
In Guna, a key trading centre in Madhya Pradesh, the Badami variety was sold at INR. 6,600 per 100 kg and the eagle variety at INR 6,900 per 100 kg.
Prices are in check in most cash markets due to weak demand, there has been an oversupply of new crops with high moisture in Ramganj resulting in lower prices. as predicts that the higher quality will fetch higher prices this season due to their limited availability, whereas other varieties may see slightly lower prices due to weak demand and high supply.
Recent rainfall in the Rajasthan and MP regions has caused damage to the Coriander crops that are currently in the harvesting stage. As per initial reports, the yield damage percentage for Coriander in Rajasthan is estimated to be 8%.
