Celery Prices Remain Under Pressure as Oversupply Persists
Market Struggles with High Stock Levels
Excess stock has caused celery prices to decline steadily, leaving traders concerned. Demand, which typically picks up during winter, has remained weak this season. With stockists holding large inventories, prices are unlikely to improve until the new crop arrives in January or February.Here’s how celery prices are shaping up in major producing regions:
- Ajwain Javra: USD 1,74–1,80 per kg
- Kurnool: USD 1,98–2,10 per kg
- Rupee and Jamnagar: USD 2,51–2,63 per kg
Seasonal Insights and Current Crop Conditions
Celery is widely grown in Andhra Pradesh, Maharashtra, Gujarat, and Madhya Pradesh. Farmers begin sowing the crop in August and finish by early September. The harvest typically starts in January. However, despite its popularity in Indian households and its use in medicines, consumption has slowed this winter, further pressuring prices.Exports Slow, Adding to Oversupply
Indian celery exports, which usually serve international markets with Indian diaspora populations, have seen a decline. Additionally, imports from Pakistan have continued steadily, but these haven’t eased the oversupply in domestic markets. Traders note that global interest in Indian celery is weaker this year, contributing to the current market slump.Near-Term Outlook Remains Subdued
For now, traders are focused on clearing existing stock as buyers remain cautious. Prices are expected to stay under pressure until the arrival of the new crop. Without any immediate changes in demand, a rebound in prices seems unlikely in the near term.Conclusion
The celery market is navigating through a challenging phase, with oversupply and weak demand dictating the trends. While this benefits buyers, it poses difficulties for farmers and traders who must wait for the next harvest to bring some balance back to the market.Click here to reach our trading platfrom CMBroker