Fenugreek Prices Will Increase After Diwali
Introduction
prices increased in the last 1 week as the arrival of fenugreek in Madhya Pradesh has risen from $0,63 to $0,64 per kg in the previous month. In September, 8000 to 9000 sacks of fenugreek arrived daily in Madhya Pradesh.
Prices
Farmers are willing to sow other crops in the Rabi Season. The price of fenugreek was $0,91 per kg at the time of sowing last year, which is $0,68 per kg. Currently, the cost of fenugreek in Gujarat is $3,01 to $3,15 per kg of 'average quality' per kg and $3,24 to $3,48 per kg of Super Best's grocery quality. In the last 3 days, the price of fenugreek has increased by 20%.
Experts say that the fenugreek prices will increase from the current level till December. By December, the cost of Fenugreek Shortex will be $0,73 per kg.
Current Scenario
Farmers have sold the fenugreek to stockists and big houses, and there are currently no stocks available with the farmers. The arrival of fenugreek has declined significantly in Rajasthan and Gujarat for a long time. In September, the arrival of fenugreek in Madhya Pradesh met 90% of the country's fenugreek demand. Now the arrival of fenugreek in Madhya Pradesh has decreased to 5000 bags daily.
Future Scenario
In Rajasthan, fenugreek sowing will decrease in the Kota-Haroti belt by 40% to 50% and in the Jodhpur-Bikaner belt too. Overall, there is a 20% to 30% reduction in sowing in Rajasthan. In Madhya Pradesh, there is a perception of a 20% sowing reduction due to farmers' interest in sowing wheat and coriander.
In Gujarat, there was a massive increase in sowing of fenugreek last year, which is expected to decline by 40% to 50%.
The demand for fenugreek will rise after Diwali. Winter, The custom of eating fenugreek laddus, has spread among people after Corona. The use of fenugreek for cattle feed increases 3 to 4 times as compared to regular in winter, due to which the demand for fenugreek will grow significantly after Diwali.
Conclusion
There is a possibility of a massive boom in the new season of fenugreek because, at present, the price of fenugreek is at the bottom level. Apart from this, there will be a supply shortage due to a heavy fall in sowing. The consumption of fenugreek is increasing continuously after Corona. Due to all these factors, the 2023 season for fenugreek will remain very bullish.
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prices increased in the last 1 week as the arrival of fenugreek in Madhya Pradesh has risen from $0,63 to $0,64 per kg in the previous month. In September, 8000 to 9000 sacks of fenugreek arrived daily in Madhya Pradesh.
Prices
Farmers are willing to sow other crops in the Rabi Season. The price of fenugreek was $0,91 per kg at the time of sowing last year, which is $0,68 per kg. Currently, the cost of fenugreek in Gujarat is $3,01 to $3,15 per kg of 'average quality' per kg and $3,24 to $3,48 per kg of Super Best's grocery quality. In the last 3 days, the price of fenugreek has increased by 20%.
Experts say that the fenugreek prices will increase from the current level till December. By December, the cost of Fenugreek Shortex will be $0,73 per kg.
Current Scenario
Farmers have sold the fenugreek to stockists and big houses, and there are currently no stocks available with the farmers. The arrival of fenugreek has declined significantly in Rajasthan and Gujarat for a long time. In September, the arrival of fenugreek in Madhya Pradesh met 90% of the country's fenugreek demand. Now the arrival of fenugreek in Madhya Pradesh has decreased to 5000 bags daily.
Future Scenario
In Rajasthan, fenugreek sowing will decrease in the Kota-Haroti belt by 40% to 50% and in the Jodhpur-Bikaner belt too. Overall, there is a 20% to 30% reduction in sowing in Rajasthan. In Madhya Pradesh, there is a perception of a 20% sowing reduction due to farmers' interest in sowing wheat and coriander.
In Gujarat, there was a massive increase in sowing of fenugreek last year, which is expected to decline by 40% to 50%.
The demand for fenugreek will rise after Diwali. Winter, The custom of eating fenugreek laddus, has spread among people after Corona. The use of fenugreek for cattle feed increases 3 to 4 times as compared to regular in winter, due to which the demand for fenugreek will grow significantly after Diwali.
Conclusion
There is a possibility of a massive boom in the new season of fenugreek because, at present, the price of fenugreek is at the bottom level. Apart from this, there will be a supply shortage due to a heavy fall in sowing. The consumption of fenugreek is increasing continuously after Corona. Due to all these factors, the 2023 season for fenugreek will remain very bullish.
Please click to reach our Marketplace