Agri Commodity Prices

Indian Spices Prices: Cumin Seed, turmeric, Coriander

19th March 2009

(Indicative Prices in US Dollar pmt fob port, India))

Cumin Seed - Jeera - (fob Kandla / Mundra)
Machine Cleaned 99%-US$ 2225-2300

Best Machine Cleaned -US$ 2600-2700

The good export demand and expectation of lower output lifted up the prices of jeera commodity. The futures market too moved up in last 6 days. The march futures were trading at around US$ 229 per 100kg while may contracts were at US$ 234.5

Coriander Seed: US$ 800-825 pmt fob Kandla / Mundra port

The coriander prices moved up substantially in Indian market as most spices showed positive movement during this week. The april futures were approx. trading at US$ 82.3 and may contracts at 82.1 per 100kg.

Turmeric (fob Mumbai port)
FAQ - US$ 925-950
Europe Quality - US$ 975-1025

Turmeric prices have moved up due to the lower carry over stocks and lower output estimation. The apr and may futures contracts moved up in last 6 days by more than 9.5% with trading at approx. US$ 98.3 and 100.2 per 100kg respectively.

 

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