Title: Coriander Market Rate at Ramanathapuram on 15.10.18
Introduction:
Ramanathapuram, a vibrant district in Tamil Nadu, India, is known for its rich agricultural heritage. The region is famous for producing a wide variety of spices, including coriander. On October 15, 2018, the coriander market in Ramanathapuram witnessed an interesting trend, with fluctuating rates that affected both buyers and sellers. In this article, we will provide an overview of the coriander market rates and analyze the factors that influenced them.
Market Analysis:
On October 15, 2018, the market rate for coriander in Ramanathapuram ranged from INR 70 to INR 80 per kilogram. The fluctuations in prices were influenced by various factors, such as demand and supply, quality of the coriander, and transportation costs.
Demand and Supply:
Coriander is an essential spice used in Indian cuisine, and its demand remains relatively constant throughout the year. However, on certain occasions, such as festivals or weddings, the demand for coriander surges, leading to an increase in prices. Additionally, the supply of coriander can fluctuate based on the weather conditions and crop yield. Any disruption in supply can affect the market rates.
Quality Assessment:
The quality of coriander plays a vital role in determining its market value. Buyers often consider factors such as freshness, aroma, and color when purchasing coriander. If the coriander is of superior quality, it can fetch a higher price in the market.
Transportation Costs:
The coriander market rates are also affected by transportation costs. Ramanathapuram serves as a significant trading hub for coriander, attracting buyers from various neighboring districts. Transportation costs, such as fuel prices, labor charges, and road taxes, impact the overall market rates.
Factors Influencing Market Rates:
Apart from the aforementioned factors, other influential elements include government policies, international market trends, and competition. Government regulations, such as import-export policies, can impact the supply and demand of coriander, indirectly affecting the market rates. International market trends, especially in countries where coriander is in high demand, can also influence the market rates in Ramanathapuram.
Conclusion:
The coriander market rate in Ramanathapuram on October 15, 2018, ranged from INR 70 to INR 80 per kilogram. Buyers and sellers in the region were influenced by various factors, including demand and supply, quality assessment, transportation costs, and external market trends. It is important for both buyers and sellers to consider these factors while engaging in coriander trade to maximize profits and ensure the availability of this staple spice for consumers.