Slowdown Persists as Limited Supply Keeps Prices Steady

The coriander market in India is seeing limited activity and sluggish price movement. The farmers keep sales low and arrivals remain restricted across major producing states. With Diwali—traditionally a high-demand season—having passed without a significant price boost, market sentiment remains cautious, especially as new coriander sowing has yet to begin.

Low Arrivals from Farmers Leading to Price Stagnation

Despite the usual Diwali-driven demand, the market hasn't seen the expected price rise for coriander, as key producers like Rajasthan and other major states are holding back their stock. In Ramganj Mandi, coriander arrivals have recently increased slightly to 2,500-3,000 bags, while Baran Mandi has seen around 500-700 bags. However, these arrivals have not been sufficient to create a strong market movement.

Even though arrivals are low, minor fluctuations have occurred. Currently, the Badami variety of coriander is priced at $0,74-$0,78 per kg and the Eagle variety at $0,78-$0,81 per kg in Ramganj Mandi. Similar prices were reported in Baran Mandi, with the Eagle variety ranging up to $0,84 per kg. In Delhi’s wholesale grocery market, the Badami variety has seen a dip of $0,036-$0,048, now at $0,94-$0,95 per  kg, following a previous increase.

Impact of Monsoon Weather on Coriander Production

Weather disruptions have added to the uncertainty in the coriander market this season. Heavy rains and flooding during the recent monsoon season have affected coriander yields across major producing regions, especially in parts of Rajasthan. This weather-related damage has delayed the start of new sowing, creating concerns about future production levels and potential supply shortages.

India’s Coriander Exports Drop Significantly

The sluggish market also reflects a notable drop in coriander exports. According to the Spices Board of India, coriander exports for the first four months of the 2024-25 financial year reached 21,074.79 tons, valued at $25.95 million. This represents a sharp decline from the same period last year when 59,647.21 tons were exported, earning $57.23 million. This decrease could be due to a combination of lower domestic production and reduced demand in international markets.

Awaiting Sowing Updates for Price Signals

In the coming weeks, the market’s focus will shift to updates on coriander sowing activity. The prices may move depending on how the new crop outlook develops. But for now, limited arrivals and cautious sales by farmers are likely to keep prices stable. Traders and farmers will be closely watching the weather and new planting progress, as these factors will play a significant role in determining coriander availability and price trends.





Click here to reach our trading platfrom CMBroker