Amidst a significant drop in sowing and production, fennel prices have soared, driven by robust demand from China and Singapore and a sharp decrease in India's production levels. This year, the sowing area for fennel in India, a major producer, is just 35% of its normal extent, leading to a tight supply scenario and escalating prices. Initial market entries for the new crop were priced between USD 1.08–1.20/kg, but have since surged by USD 0.36–0.42/kg due to constrained supply and heightened demand.

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📊 Current Market Prices

📈 Market Drivers & Key Insights

• Significant reduction in sowing area in India, leading to a sharp decrease in production.
• Strong export demand from China and Singapore, supporting higher prices.
• Growing interest from the Ayurvedic medicine sector, adding to demand pressures.
• Market sentiment bolstered by limited old stocks and competitive demand for new quality stock.

⛅ Weather Outlook – Key Growing Regions

Current weather conditions in Gujarat, Rajasthan, Madhya Pradesh, and Andhra Pradesh show mild temperatures and adequate rainfall, which may not significantly impact the already reduced sowing area. However, any changes in this pattern could critically affect the market dynamics.

🔮 Price Forecast – Next 3 Days