Tight Supply Push Prices Up

Coriander prices have inched upward in recent weeks, fueled by reduced sowing and limited arrivals at key markets of India. Ramganj Mandi, a major trading hub, saw arrivals of 3,000–3,500 bags, while Baran Mandi reported just 500–700 bags. The inconsistency in arrivals reflects the impact of heavy rains that have delayed harvests in several regions.

Farmers, especially in Rajasthan, are slowing sales in hopes of higher prices as the season progresses. With clearer weather on the horizon and new crops expected soon, the market could see significant shifts in the coming weeks.

Different Prices in Different Regions

Prices for coriander have shown variability across different markets:

• Ramganj Mandi: Both Badami and Eagle varieties saw significant price increases due to strong demand and tight supply.
• Baran Mandi: Prices mirrored the upward trend seen in Ramganj.
• Delhi: In contrast, Coriander Badami prices softened slightly, highlighting regional differences in demand and supply dynamics.

These fluctuations underscore the delicate balance between market arrivals, delayed harvests, and evolving demand patterns.

Export Decline Reflects Supply Challenges

India’s coriander exports from April to July 2024 totaled 21,074.79 tonnes, earning $2.63 million—a sharp drop compared to 59,647.21 tonnes and $57.15 million during the same period last year.

This drastic decline in both volume and revenue points to the impact of adverse weather and limited domestic production on the global coriander trade. As supply tightens, export volumes may remain subdued in the near term.

Wait and Watch for Coriander

With traders cautiously holding onto their stocks, coriander prices are expected to stabilize or climb further in the weeks leading up to the new harvest. Farmers, too, are adopting a wait-and-see approach, hoping that limited arrivals will drive higher returns.

The upcoming harvest will play a pivotal role in determining whether prices continue to rise or begin to stabilize. For now, all eyes are on the weather and the pace of arrivals in key mandis.

Conclusion: Prices in Fire

Coriander prices are on the rise, driven by limited supply and reduced sowing. While the current market favors cautious sellers, the upcoming harvest will play a key role in deciding where prices go next. For now, both farmers and traders are holding their breath, waiting to see how the next few weeks unfold.





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