For both types of Coriander Eagle, the prices remained steady till November 10 after the price increased on November 15, as there was good demand in the domestic and international markets.
Coriander Eagle 5% Split
|November 15||$1,11 per kg FOB|
|November||$1,10 per kg FOB|
|November 10||$1,00 per kg FOB|
Coriander Eagle 100% Split
|November 15||$1,08 per kg FOB|
|November 11||$1,07 per kg FOB|
|November 10||$1,065 per kg FOB|
Coriander was fetching a good price to the farmers and traders compared to its prices last year, increasing the crop’s sowing areas. However, it remains to be seen how much acreage for the crops will increase after the sowing completes. The sowing has started for the new crop during the last week of October.
According to the market analysts, there has been a significant lowering of the stock in the market for the years 2021-2022. It is estimated the production of the new crop will stand around 342,435 MT compared to last year’s 352,316 MT. This will likely support the coriander prices in the market in the coming days. Moreover, with the transportation system getting back to normal post the Diwali festival, the spice demands are expected to increase from South and Bihar mills along with Bengal and Maharashtra markets in India, which will keep the price firm for the commodity in the coming days.
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