Slow Trading Activities in Coriander Market

With Rabi sowing nearing completion in India, trading in coriander market remains sluggish across wholesale markets. This slow pace is expected to persist, putting continued pressure on the coriander market in the short term. In Rajasthan, a key coriander-producing state, farmers have been limiting their sales despite a temporary price increase. This restraint is largely due to reduced arrivals caused by recent drizzles. Coriander arrivals have dropped to 2,000–2,500 bags in Ramganj Mandi. And around 200 bags in Baran, stabilizing prices after a brief surge.

Adverse weather conditions, including heavy rainfall and flooding, have further complicated the coriander market. These disruptions in Rajasthan and other major producing states have slowed trading and added uncertainty to the market.

Price Dropped Performance

In Ramganj Mandi, prices for the Badami and Eagle varieties of coriander have decreased by USD 0,012–0,024 per kg, settling at USD 0,75–0,81 per kg and USD 0,84–0,86 per kg, respectively. A similar decline is seen in Baran Mandi. Delhi’s wholesale market also reported a drop in Badami coriander prices , now priced at USD 1,05–1,07 per kg after a previous increase.

The Gujarat Agriculture Department reports that coriander sowing in the state has reached 103,800 hectares as of mid-December, marking an 18.26% decline from last season's 127,000 hectares. This drop highlights reduced planting activity, likely influenced by unfavorable weather and market conditions.

Exports Face Declines

According to the Spices Board, coriander exports for the first five months of the 2024-25 fiscal year totaled 29,661 tonnes, valued at USD 37,12,800. This is a steep decline from the previous year’s 71,931 tonnes, worth USD 71,07,240, reflecting challenges in both domestic production and global demand.

Conclusion: A Subdued Path Ahead

Given the reduced sowing, adverse weather, and declining export performance, coriander prices are likely to stay under pressure in the coming months. Farmers and traders should monitor these evolving conditions closely and adjust their strategies to navigate the current market challenges effectively.

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