Coriander prices have shot up by Rs 300 a quintal in a week because of rising demand from exporters and low production. | |
| Traders in Madhya Pradesh and Rajasthan expect the prices of the condiment, an essential ingredient in cooking, to rise further in the coming weeks. |
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| Big traders, in anticipation of a further jump in rates, have stocked up the commodity before the onset of monsoon, creating higher demand from exporters. |
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| According to Govind Patel, a Neemuch-based trader, the shortfall in the commodity may worsen, triggering the prices to increase by Rs 500 a quintal in the near future. |
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| The daily arrival in the Neemuch market is about 300 sacks. |
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| In Neemuch, the old coriander coloured like almonds sells in the range of Rs 2,800-2,850 a quintal, while the eagle-coloured coriander quotes Rs 2,900 and Rs 2,950 a quintal. Meanwhile, the fresh, green-coloured new crop is yet to arrive in the market. |
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| In Rajasthan's Ramganj market, the rates of green (fresh) coriander are between Rs 3,000 and Rs 5,000 a quintal, while the the eagle-coloured crop is quoted between Rs 2,900 and Rs 2,925 a quintal. Traders expect the average prices to rise as high as Rs 4,000 a quintal, prompting big traders to stock up the commodity. |
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