Coriander prices expected to strengthen due to reduced sowing and arrivals in the markets in Gujarat

16-Dec-2024 04:20 PM

Coriander prices are expected to strengthen in the coming months due to reduced sowing and lower arrivals in key markets, especially in Gujarat.

As of December 9, the sowing area for coriander in Gujarat has dropped significantly from 2.23 lakh hectares last year to just 62,400 hectares, reflecting a general decline in farmer enthusiasm. This trend is also visible in Rajasthan and Madhya Pradesh, where sowing of coriander and other Rabi crops like cumin is lagging behind.

Despite the reduced supply, the coriander market has not seen significant price increases so far. This is partly because market prices have remained stable for months and partly due to weak domestic and export demand.

The export data from the Spices Board shows a significant decline in coriander exports during the first half of the 2024 financial year, with shipments falling to 29,661 tonnes compared to 71,931 tonnes last year. Export income has also dropped sharply, from Rs 592.27 crore to Rs 309.40 crore.

In terms of market arrivals, major producing regions are seeing limited supply. For example, Ramganj Mandi in Rajasthan is receiving about 3,000 to 3,500 sacks of coriander daily,

while Baran Mandi sees 300 to 350 sacks. Despite these figures, coriander prices have remained largely stable, which reflects weak demand from both domestic and international markets.