Spices Board for import price floor of 60 rupee/kg on coriander

The Spices Board India has asked the government to impose a minimum import price of 6,000 rupees per 100 kg on coriander in addition to the existing import duty so as to support domestic prices of the spice. Recommended late last year and again sent a reminder to the commerce ministry to levy the minimum import price of 60 rupees a kg. Currently, prices are hovering around 5,600 rupees per 100 kg, while landed price of coriander imported from Ukraine and Russia is around 4,000 rupees even after paying 36.5% import duty which includes 5% integrated goods and services tax.