Agri Commodity Prices

Indian Spices Commodity Price: Cumin Seed, Coriander, Turmeric

26 March 09

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

Cumin Seed - Jeera - (fob Kandla / Mundra)
Machine Cleaned 99%-US$ 2300
-2350
Best Machine Cleaned -US$ 2650-2750

The fear of lower output for this year is lifting up jeera prices. The speculators right now are playing on the fear factor pushing the futures market northwards. The first two months contracts (may and june) were up by around 3.7-4% during last 7 days. The export demand too is good at present. The may shipments may be indicatively getting quoted at US$ 2450-2500 while june shipments might be available at US$ 2475-2525 pmt fob.

Coriander Seed: US$ 875-900 pmt fob Kandla / Mundra port

The coriander prices have moved up in spot markets by almost 6%. The april and may months futures both were at approx. US$ 86 per 100kg.

Turmeric (fob Mumbai port)
FAQ - US$ 950-975
Europe Quality - US$ 1000-1050

The lower crop expectation pulled up turmeric in spot as well futures market. The first two months futures were up by 1.7-2.2% in last 7 days. The april contracts were approx. trading at US$ 102.6 and may contracts at US$ 105.2 per 100kg.

 

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