Celery Production: Threats on Quantity & Quality

Celery cultivation is underway across all major producing markets. Unfavorable weather conditions have threatened both the quality and quantity of the crop. Leading to a price increase of approximately $0,12-$0,18 per kg. Market analysts predict further price hikes of about $0,18-$0,24 per kg due to these ongoing challenges.

Impact of Last Season's High Prices on Current Sowing

High celery prices throughout the previous season encouraged farmers to increase sowing. However, adverse weather over the past month has resulted in a 27-28% reduction in yield. Consequently, prices rose by $0,12-$0,18 per kg last month, and the market supply has halved compared to the same period last year. The Javra Line, known for its regular contributions, has seen sporadic sales this season.

Price Variations and Market Supply

Currently, celery from the Nandurbar, Vikarabad, Jamnagar, and Chhindwara lines is selling for between $2,16 and $2,52 per kg. The market is receiving very little washed celery, and the stock of green celery is low. New celery arrivals are notably decreasing along the Jamnagar, Nandurbar, and Javra lines, with prices ranging from $1,92 to $1,98 per kg. High-quality celery is trading at $2,04-$2,10 per kg in these markets.

State-specific Pricing and Future Expectations

In Rajasthan and Gujarat, older high-quality celery is trading at $2,16-$2,22 per kg. Prices in the Neemuch, Mandsaur, and Javra lines vary from $1,86 to $1,98 per kg, with top-quality selections quoted at around $2,16-$2,18. Traders note weak crop reports from the Vikarabad line and reduced agricultural pressure and productivity. Consequently, medium-quality celery might soon reach $2,22-$2,28 per kg, with premium products potentially hitting $2,64-$2,70 in the Delhi market.

Advisory for Traders and Future Market Outlook

Despite these challenges, experts advise continuing sales as high-quality washed celery often fails to command higher prices due to market saturation. Local and international demand remains steady, but sales are somewhat sluggish in the markets of Haryana, Punjab, Himachal, UP, and Delhi. Nevertheless, significant profit opportunities in spot trading are anticipated in the future.