Decline in Export Prices

This season has presented numerous challenges for fennel farmers in India. Initially, the price of fennel was promising. However, as the harvest season progressed, the prices dropped dramatically by 60%. Despite reduced sales by farmers, prices have not shown significant improvement. Last season, the export price of fennel soared. Even with a slight increase in the initial days of the season, the export price quickly fell again as sales increased.

Monitoring and Stockpiling

Investors are taking advantage of the low prices by stockpiling fennel. They anticipate that the prices will rise in the long term. If prices remain low, fennel cultivation will likely be significantly reduced in the upcoming season. Farmers need to carefully manage their existing fennel stocks and strategically decide when to bring them to market. This will directly impact market movements in the short term.

Farmers' Perspective

Farmers, despite the steep decline in fennel prices, are demonstrating remarkable resilience. Their efforts to limit sales, though not yielding the desired results, are a testament to their determination. The significant reduction in export prices has indeed left many farmers in a precarious financial situation. The sudden drop in fennel prices has created uncertainty in the market. Stockists are buying and holding fennel and expecting future price increases. However, this speculation adds to the market's unpredictability.

The fennel market in India is currently facing a challenging period with significantly reduced prices. The steep decline in both local and export prices has put farmers in a difficult position. Despite efforts to manage supply and demand, the market remains volatile. Stockists are taking advantage of low prices by stockpiling fennel, but this has not yet led to a price recovery. However, there is potential for a price recovery in the future, which could significantly improve the market conditions. The future of fennel cultivation depends on how prices evolve in the coming months.