Indian coriander prices likely to appreciate further in coming weeks – trade

Coriander markets in the country traded with positive undertone during most of the week. Over the previous week, coriander, the most active April futures contract of NCDEX had gained nearly 10 percent. Prices have started gathering strength in last few weeks since lower levels could attract domestic buyers as well as exporters. Spot prices at Jaipur and Gondal had appreciated by 7-8 per cent while Kota market was up 10 per cent approximately. When compared with June prices, the coriander market is currently up approximately Rs. 900 per quintal, close to 15 percent. Exports of spices and other value-added products during six months of FY21 stood at 7 lakh tonnes. The export of fenugreek, coriander and other seed spices such as mustard, aniseed, dillseed, etc., had grown substantially contributing to the spices export basket. In rupee terms the export value amounts to Rs 12,273.81 crore as against the shipment of 586,090 tonnes worth Rs 10,588.97 crore in the year-ago period. ...