Decreased Output and Stock Adjustments

Currently, celery prices remain stable, although production has decreased significantly due to unfavorable weather conditions. This has caused market stagnation following a recent increase of $0,12-$0,18 per kg. New celery has arrived in all producing markets, but the overall quantity is half compared to the same period last year. Farmers had increased sowing due to high prices last year, but the crop yield has dropped by 27-28% over the past two months.

Celery Prices Set to Increase Further

• In the coming days, celery prices are expected to rise by another $0,18-$0,24 per kg. Currently, celery from regions like Nandurbar, Vikarabad, and Jamnagar is selling between $2,16-$2,64 per kg.
• Washed celery is in limited supply, and green celery stocks are also low. In Jamnagar, Nandurbar, Javra, and Vikarabad, new celery prices are around $2,10-$2,16 per kg.
• Meanwhile, good quality celery is trading at $2,34-$2,40 per kg, with old stock being sold in Rajasthan and Gujarat for $2.16-$2.28 per kg. In Neemuch, Mandsaur, and Javra, prices range from $1,98-$2,04 per kg, with selected quality celery quoted at $2,22-$2,40 per kg.

External Influences and Government Efforts

Traders report weak celery crops in regions like Javra and Vikarabad, with reduced productivity per hectare. Therefore, celery priced at $2,16-$2,22 per kg may soon rise to $2,34-$2,46 per kg, with higher quality goods potentially reaching $2,88-$3,00 per kg in Delhi markets. However, traders should continue selling their goods, as markets often see low prices due to the influx of washed goods fulfilling local and distant consumption needs.

Consumption of celery is expected to continue, but sales in Haryana, Punjab, Himachal, UP, and Delhi are currently weak. Consequently, spot trade may offer profitable opportunities in the future.

In summary, celery prices are expected to rise due to decreased production and increased demand. Market dynamics, including stock adjustments and government efforts, will continue to influence prices. Therefore, traders and producers should prepare for potential price increases and market shifts.