Indian Coriander Price Increases

Coriander prices could increase by USD 0,18–0,24 per kg by March-April 2025, according to market observations. Although a short-term dip of USD 0,06 per kg is possible, the overall market sentiment points to stronger prices ahead, as noted by Jitendra Kakkar, an industry expert.

The coriander futures market has been influencing trader behavior. A USD 3,60 per quintal premium on quota deliveries in the current futures market has slowed some trading activity. This premium will end with the April contracts of the new season, potentially giving prices a lift of USD 0,04 per kg.

Currently, Demat stock levels stand at 4,000 tonnes, with an additional 500–1,000 tonnes likely to enter the market soon.

Lower Production Adds Pressure

Coriander production this season is expected to decline. Gujarat could produce 35–40 million bags, while Madhya Pradesh and Rajasthan together may contribute 50 million bags. With a carryover stock of 40 million bags, the total supply for the season is projected at 130 million bags.

However, demand from domestic and export markets is estimated at 140–150 million bags, leaving a shortfall of 10–20 million bags. This gap will likely contribute to price increases as the season progresses.

Delayed Arrival of New Stock

New coriander supplies are running behind schedule due to planting delays. Small arrivals are expected by February 15, but regular supplies will only begin in March. With Ramzan approaching, export demand will have to rely on existing stock, further tightening the market.

What’s Happening in Gujarat

Coriander planting is complete in Gujarat, but traders predict a 15–20% drop in output compared to last year. Private estimates suggest the crop size may reach 30–35 million bags, while government figures are slightly higher at 40 million bags.

Currently, daily arrivals in Gujarat stand at 5,000 bags, well below the 10,000 bags needed to meet demand. Nationally, arrivals range between 12,000–15,000 bags, while demand remains higher at 20,000–25,000 bags, leading to a steady drawdown of stock.

Closing Thoughts

Coriander prices are likely to rise in the coming months as lower production, high demand, and delayed arrivals create a tighter market. Farmers and traders may benefit from these conditions, but staying alert to supply trends and global trade activity will be crucial for making the most of these opportunities.

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