Market tides sway in the crisp whispers of celery fields, predicting a price rise. Seasoned experts anticipate an increase of $0,18 to 0,24 or €0,17 to 0,22 per kg within 8-10 days. In the report, we'll disclose celery's cultivation, demand, and market movements.
Saurashtra's Celery Production
Saurashtra's celery crop faced scarcity, resulting in only 60 to 65 per cent reaching the market. The nationwide scenario echoes a 40 per cent reduction from the previous year, with Gujarat experiencing a 25 per cent to 30 per cent dip.
Celery Market Quirks in Jamnagar
Jamnagar's celery market witnesses a daily arrival of 1000 to 1500 bags, showcasing a mix of qualities. Meanwhile, sheltered in cold storage, old celery prices are nominal.
A Farmer's Lament
Farmers are witnessing an unusual surge in sales, driven by a 40 per cent reduced celery crop. These crops are tainted by poor quality due to erratic weather patterns. The echo of raindrops fifteen to twenty days prior still lingers, causing a 20 to 25 per cent quality loss in Gujarat.
Summer Celery and the Awaited Surge
Anticipation builds for summer celery; its sowing diminished from the previous year. Despite current prices standing 15 to 20 per cent lower than last year, a forecasted demand surge in the next eight to ten days might herald a hike.
Regional Celery Estimates
Andhra Pradesh and Karnataka face a 50 per cent crop decline, while Telangana grapples with a 35 per cent reduction. The delicate balance between rain and yield reveals a sharp decrease from three to four sacks per bigha to a mere 1.5 to 2 sacks.
Export Scenario and Domestic Trade Of Celery
Export woes intertwine with domestic challenges. Despite a drop in celery production across India, local and foreign market slumber persists, partially attributed to a spice trade recession. The celery pipeline, once brimming, now echoes emptiness.
The Glimmer of Hope
As the monsoon celery crop falters, the upcoming demand season from February 20 might inject life into the market. With 60 per cent of the monsoon harvest complete and reduced summer celery sowing, a predicted 10 per cent price rise beckons.
Conclusion
As celery fields whisper tales of scarcity and anticipation, market analysts foresee a bullish trend in the next ten days. Saurashtra's crop faces challenges. The fields across India also witness a similar trend. Farmers lament quality issues due to erratic weather. Yet, a glimmer of hope emerges, hinting at a potential price surge, buoyed by upcoming demand and reduced summer celery sowing.
