Coriander Prices Stay Flat as High Stock Levels Limit Growth

Farmers in key growing states of India have finished sowing coriander for the current season. While Gujarat saw a small rise in acreage, farmers in Madhya Pradesh and Rajasthan shifted to other crops due to low prices. Even with this change, coriander prices have remained steady, and traders may have to wait longer for any price increase.

Market Prices Hold Steady Despite a Small Drop

Wholesale coriander prices haven’t changed much. The Badami variety is selling for USD 1,04-1,06 per kg, while Eagle coriander is priced at USD 1,11-1,12 per kg. There was a small dip of USD 2,38 per kg recently, but prices have since stabilized.

In Rajasthan’s key markets, arrivals remain steady, with 3-3,5 million bags reaching Ramganj and 0,3-0,5 million bags arriving in Baran. Despite this supply, prices are holding at USD 0,77-0,82 per kg, while Eagle coriander is trading at USD 0,83-0,87 per kg.

Increased Coriander Sowing in Gujarat 

According to the latest data from the State Agriculture Department, coriander sowing in Gujarat has reached 130,7 thousand hectares, up from 127 thousand hectares last year. However, this gain is offset by lower sowing in Madhya Pradesh and Rajasthan.

Even with Gujarat’s increase, the total sowing area is still below the three-year average of 158,44 thousand hectares. If yields fall short, overall production could be lower than expected.

Weaker Exports Keep Prices Under Pressure

India’s coriander exports have dropped sharply this year. Between April and October, India exported 34,365 tonnes, earning USD 43,46 million. This is a big decline from last year’s 76,848 tonnes, which brought in USD 77,64 million.

With exports slowing and domestic sales still weak, coriander stocks have built up to 7-8 million bags. This surplus is keeping prices from rising. Traders believe that as long as weather conditions remain stable, production should be sufficient to meet demand, preventing any sharp price increases.

When Will Coriander Prices Rise?

For now, coriander prices are expected to stay flat due to high stock levels and weak export demand. Traders and stockists will need to be patient before seeing any significant price jump. If export demand picks up, prices may gradually rise, but for now, buyers can take advantage of steady rates, while stockists should plan their inventory carefully.

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