Coriander prices may dip due to profit-booking, but a sharp decline is unlikely

19-Jun-2026 08:00 PM

New Delhi: Coriander prices have risen by ₹8–10 per kg this week, driven by geopolitical stability in the Middle East pushing rates to record highs in both futures and spot markets. Sources anticipate that profit-booking at these elevated levels could lead to a short-term price dip, though a significant downturn is improbable. Currently, 'Eagle' quality coriander is quoted at ₹140–145 per kg and 'Badami' quality at ₹130–135 per kg at production centers. Sources suggest that due to low availability relative to consumption, prices could rise by another ₹8–10 per kg in the coming days, provided there are no imports.

Notably, domestic coriander production has been declining over the past 2–3 years as farmers have not received fair prices for their produce; carry-over stocks are also dwindling. Coriander is primarily cultivated in Gujarat, Rajasthan, and Madhya Pradesh, with new crop arrivals in the markets typically beginning in February–March.

Declining Production

Domestic coriander production has been on a downward trend for the last two to three years. Estimates indicate that while production hit a record 16 million (1.60 crore) bags in 2023, it fell to 12 million (1.20 crore) bags in 2024 and 11 million (1.10 crore) bags in 2025. Trade estimates project a further drop to 9.5–9.7 million (95–97 lakh) bags for 2026. For the current season, production is estimated at 4.3–4.4 million (43–44 lakh) bags in Madhya Pradesh and 3.8–4.0 million (38–40 lakh) bags in Gujarat, with Rajasthan’s output estimated at 1.2–1.3 million (12–13 lakh) bags.

Market Arrivals

Daily arrivals in the markets have begun to decline as the bulk of the total produce has already reached the trading centers. Sources indicate that approximately 80 percent of the produce from Gujarat has arrived, while markets in Madhya Pradesh have received 65–70 percent of their stock. Similarly, arrivals in Rajasthan's markets are estimated to be around 70–75 percent of the total coriander crop. Currently, arrivals at Gondal (a major market in Gujarat) stand at 4,000–5,000 bags, whereas Ramganj market in Rajasthan is seeing arrivals of 2,000–2,500 bags. Arrivals at Guna market in Madhya Pradesh are around 4,000–5,000 bags, while other markets like Neemuch, Ashoknagar, Mandsaur, and Binaganj are recording arrivals of 500–700 bags. Market prices are currently quoted at ₹140–145 per kg for 'Eagle' quality and ₹130–135 per kg for 'Badami' quality.

Bullish Sentiment

Market sentiment remains bullish due to total availability falling short of consumption needs. It is noteworthy that the total availability of coriander—comprising new produce and carry-over stocks—stands at 1.20–1.25 crore bags for the current season, whereas the combined requirement for local demand and exports is 1.40–1.50 crore bags. Trade estimates suggest that as supplies gradually tighten in the coming days, prices are likely to rise by ₹10–15 per kg.

Exports

According to data released by the Spices Board, total coriander exports during the 2025–26 period stood at 60,211 tonnes, generating revenue of ₹679.70 crore; in comparison, exports in 2024–25 totaled 60,323 tonnes with earnings of ₹633 crore. Coriander exports reached a record 108,624 tonnes in the year 2023-24.