- Firm mandi prices, tighter arrivals support prices
- NCDEX futures rise as traders roll over positions to June
India’s coriander market remained largely stable in the week ended 15 May 2026 as weak buying sentiment in Delhi offset firm underlying tight supply fundamentals across key producing mandis. Traders said the market is currently in a “wait-and-watch” phase, with masala manufacturers, exporters, and stockists avoiding aggressive procurement despite tighter arrivals from Rajasthan and Madhya Pradesh.
In Delhi, coriander prices eased marginally due to subdued downstream demand and sufficient near-term inventories with spice processors. However, physical markets remained comparatively stable as farmers continued restricting stock liquidation at current price levels, limiting mandi arrivals and preventing sharper corrections.
In Rajasthan’s Ramganj mandi, Badami coriander traded around INR 12,150/quintal, while Eagle quality was quoted near INR 13,500/quintal and Scooter quality around INR 14,150/quintal. Gondal market prices ranged between INR 12,050-13,250/quintal depending on quality, while Neemuch Scooter quality reportedly traded up to INR 14,000/quintal. NCDEX spot coriander was assessed near INR 12,692/quintal.
On the futures front, NCDEX coriander May futures settled INR 40 higher at INR 12,332/quintal on 13 May, while June futures gained INR 42 to INR 12,520/quintal. Open interest in May contracts dropped to nearly 5,900 tonnes ahead of expiry, whereas June open interest rose to around 23,430 tonnes, indicating rollover buying and trader focus shifting toward forward supply expectations. The May-June spread widened to INR 188/quintal.
Meanwhile, export demand remained moderate, with Eagle machine-clean coriander quoted near INR 129/kg and Scooter quality around INR 130/kg. Market participants expect coriander prices to remain stable in the near term, although any pickup in export inquiries or further tightening in arrivals could trigger renewed upside momentum.
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