Steady Arrivals from Major Producing States

Coriander prices have remained relatively stable with minor fluctuations expected in the near term. Currently, 60 percent of coriander has arrived in the market from Rajasthan and Madhya Pradesh. The daily arrival rates are approximately 10,000-12,000 sacks in Rajasthan and 15,000 sacks in Madhya Pradesh. Prices for Badami coriander range between $0,78-$0,79 per kg, while Eagle coriander is priced between $0,82-$0,84 per kg. Despite the fluctuations, the market remains stable without significant long-term price increases.

Factors Affecting Coriander Prices

The coriander market has seen varied influences from export and domestic demand. Export demand remains weak, with only gradual exports happening, particularly to Gulf countries. Domestic demand, especially from southern states like Andhra Pradesh, Karnataka, and Maharashtra, remains strong. The price stability can be attributed to the balance between current supply and demand. Pratik Adhia notes that there is no significant scope for a price fall from current levels, with prices for shorts ranging between $0,88-$0,89 per kg.

Potential Rise in Coriander Futures

Aditya Mota predicts a potential rise in coriander futures by $0,08-$0,10 per kg in the next few months due to improved physical demand, particularly for old coriander. The current prices in coriander futures are showing an upward trend, and if this continues, spot market prices might also rise by $0,05 per kg. Daily earnings from mandis across Rajasthan, Madhya Pradesh, and Gujarat total between 20,000 to 25,000 bags, with about 70 percent of this being old coriander.

Coriander prices are expected to remain within a stable range in the short term, with minor fluctuations driven by supply and demand dynamics. The market is influenced by the steady arrival from major producing states and varying degrees of export and domestic demand. While there is no major bullish situation anticipated, a modest rise in coriander futures and spot prices is expected. Due to good physical demand and limited new crop arrivals.