Coriander Prices Expected to Rise as Demand Grows
The coriander market is witnessing an increase in trade volumes, with daily transactions in Gujarat rising from 90,000 to 100,000 sacks. Across Madhya Pradesh and Rajasthan, 70,000 to 80,000 sacks of coriander are being purchased daily.
This year, significant coriander production is being observed across Gujarat, Madhya Pradesh, and Rajasthan. The total expected production across these regions is estimated as follows:
The estimated stock of coriander for the new season is around 5.0 million sacks, which suggests that prices may remain steady at current levels with no immediate risk of decline.
Despite these rates, major transactions are yet to materialize in both exports and imports.
Current Coriander Prices and Market Trends
The prices for different coriander qualities are fluctuating within a stable range:This year, significant coriander production is being observed across Gujarat, Madhya Pradesh, and Rajasthan. The total expected production across these regions is estimated as follows:
The estimated stock of coriander for the new season is around 5.0 million sacks, which suggests that prices may remain steady at current levels with no immediate risk of decline.
Expected Price Changes and Market Activity
Due to increased buying activity from spice companies, coriander prices may rise by IUSD 0,06 - 0,07 per kg in the near future. The market remains relatively quiet at present, but renewed trading activity is expected as Ramadan approaches its end in late March. Buyers from Gulf countries are preparing for purchases to ensure delivery after Ramadan.Coriander Export and Import Trends
The global coriander trade remains slow despite competitive pricing. The current export and import price estimates are:Despite these rates, major transactions are yet to materialize in both exports and imports.
Conclusion:
Given the potential for price increases, traders and farmers may consider holding their stocks for a better return. Buyers looking to secure coriander supplies should act soon before demand-driven price hikes take effect.