Coriander prices saw a slight increase this week due to the decreasing pace of sowing

23-Nov-2024 10:30 AM

Coriander prices saw a slight increase this week due to the decreasing pace of sowing
It seems like coriander prices have been on the rise this week, primarily driven by the slowing pace of sowing in major growing regions, which has affected supply expectations. Here's a more detailed breakdown:

Mandsaur Coriander saw a price increase from Rs 7000/7200 on Monday to Rs 7200/7400 on Friday, indicating a steady upward trend.
Badaami Coriander prices also rose from Rs 6500/6600 to Rs 6800/7000 during the week, reflecting a similar pattern of increase.
Other regions, including Neemuch, Ashoknagar, Kumbhraj, and Binaganj, experienced a Rs 200 price increase, which could be related to local supply and demand dynamics.
Stability was observed in markets like Ramganj, Baran, and Kota, which did not see significant price fluctuations throughout the week.
Key drivers for price hikes included delayed sowing in major coriander-growing areas like Maharashtra, Madhya Pradesh, and Rajasthan, which is expected to impact the overall availability in the coming months.
Old stock in the market is weakening, which could be contributing to the price increase as traders and buyers turn to fresher supplies.
This suggests that while the market is stable in certain areas, the reduced sowing activity and concerns over future supply are pushing up prices in others.