Agri Commodity Prices

Spices Commodity Prices: Cumin, Turmeric Bullish

30th March 2009

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

Cumin Seed - Jeera -
(fob Kandla / Mundra)
Machine Cleaned 99%-US$ 2275-2325
Best Machine Cleaned -US$ 2600-2700

Cumin market has been bullish in India as the crop this year is expected to be on lower side compared to last year. The local prices were more or less on the same level but the depriciation of rupee helped to offer it on more competitive level.

The rupee has shown high variation in last few days as it appreciated due to the positive movement of stock market but today it was weaker. The prices might go further as per market expectation due to lesser crop and there is still lot of time for Middle east jeera's harvesting season.

The may month shipment might be available at US$ 2400-2450 pmt fob while June shipment may be quoted at US$ 2425-2475.

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

The prices for coriander more or less remained on the same level.

Turmeric (fob Mumbai port)
FAQ - US$ 1025-1050
Europe Quality - US$ 1100-1150

The good export demand and lower crop this season has lifted the turmeric prices quite high. The market right now is highly unstable and can go in any direction.

 

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