Indian Coriander Stockists Fear Losses Despite Weak Production
Why Coriander Prices Are Stable Despite Lower Production
Coriander stockists are feeling anxious about potential losses this season. Even though domestic production is lower than expected, the anticipated price jump hasn’t materialized. This has left stockists on edge. On the other hand, coriander producers are still managing to get fair prices. With steady arrivals from the major producing states—Madhya Pradesh, Rajasthan, and Gujarat—the price has remained relatively stable so far.How Cumin Affects Coriander Farming This Year
Last year, many farmers in Gujarat shifted their focus to cumin, attracted by record-high prices. However, with cumin prices normalizing this year, farmers might reconsider. As a result, we could see a return to higher coriander cultivation. Analysts suggest that sowing usually begins after Dussehra, which falls on October 12 this year. This means mid-October is likely to be the sowing period in key states like Rajasthan and Madhya Pradesh.Rising Market Arrivals Putting Pressure on Prices
As the sowing season nears, large-scale producers have started releasing their coriander stock into the market. In Ramganj Mandi, Rajasthan, the daily arrival of coriander bags has jumped from 2,500-3,000 bags to 4,500-5,000 bags. Meanwhile, in Baran Mandi, the number has increased from 1,000 bags to around 1,200-1,500 bags. However, the demand hasn’t kept up with these arrivals, which is creating downward pressure on prices. Honestly, it’s been hard for traders to predict exactly how much demand will pick up.Will Demand for Coriander Pick Up Soon?
While current demand remains sluggish, there’s hope on the horizon. Traders and exporters are expected to become more active once prices dip. This could create some positive momentum in the market. As a result, farmers might feel encouraged to maintain normal cultivation levels as the sowing season progresses.Conclusion: Why Coriander Farmers Should Be Cautiously Optimistic
Despite the concerns stockists are facing, the upcoming sowing season may offer opportunities for coriander farmers. With cumin prices stabilizing and a potential increase in coriander cultivation, the market could regain its footing. If demand strengthens, farmers might see a more favorable outcome as the season moves forward.Click here to reach our trading platfrom CMBroker