On Monday, January 10, the overall sentiment for the spice was between firm and steady. Both the spot markets and the futures of Coriander were quoted at a higher rate.
Market Sentiment
As per the experts, the price increase is the result of several factors –
- Decrease in the sowing area of the crop
- Unseasonal rain and hail have caused crop damage to Coriander seeds and other Rabi crops in Madhya Pradesh.
- There are reports of good trading in the market, with low selling pressure while the buyers were active.
- It is expected that with the prices going high, there should be an increase in the arrival of the crop in the market but overall production is less compared to last year.
- Earlier, farmers were waiting for the prices to go higher before releasing the crops.
- The weather is reported to be good in Rajasthan and Gujarat, which should be helping the crops.
- On the National Commodities and Derivatives Exchange (NCDEX), January Coriander contracts were up by 1,55 percent.
Arrival
The arrival of the crops in the major spot markets were as follows
- Guna had the arrival of 800 bags
- Kota reported having received 1000 bags
- Ramaganj recorded 2500 bags
Price
Price Charts
Coriander Eagle 5% Split
| Date | Price |
| January 10 | $1,23 per kg FOB |
| January 6 | $1,22 per kg FOB |
| January 3 | $1,18 per kg FOB |
For more information, facts and figures, become a member. Click here.
The following reports may be of interest to you:
Related posts:
Spice Board of India Declared Spices Production Production of spices in India is likely to have risen 3.5% on year to 10.5 million ton in 2020-21 (Jul-Jun), according to data from Spices Board India. 
Coriander Traders Can Rejoice As The Prices Will Go Up In Few Weeks 
Weekly Overview of the Indian Cumin, Coriander, Cardamom and Sesame market The comprehensive report of cumin, coriander seeds, cardamom and sesame gives a 360-degree overview of the marke 
Lower Arrival Of Indian Coriander Causes Prices To Go Higher 
Mixed but Steady Trend in Indian Spices 
Indian Coriander Price Gradually Rising 
Will Russia Overtake India In Coriander Seed Export? 
Indian coriander market facing pressure