Coriander prices stable as new crop arrival nears

14-Feb-2025 05:55 PM

The article discusses the current stability in the domestic market price of coriander, with minimal fluctuations expected in the near future.

As the new crop harvest approaches, stockists and producers are clearing their old stock, which is contributing to the stability.

The area under coriander cultivation has decreased in key producing states like Rajasthan and Madhya Pradesh, while Gujarat has seen a slight increase.

Despite this, there has been no major impact on domestic prices, largely due to sluggish domestic and export demand for coriander.

The sowing of coriander in Gujarat, which was initially delayed, has now advanced slightly, and the supply of coriander in the markets of Rajasthan is reported to be normal, with approximately 4,000–4,500 bags arriving daily in Ramganj and 800–1,000 bags in Baran Mandi.

However, prices are showing stability or softness due to a lack of strong demand. The article notes that any significant changes in market prices are unlikely in the coming days.

Still, when the new crop starts to come in, stockists and traders may be more active in purchasing, especially if there is an expectation of reduced production.

Regarding production, the total area under coriander cultivation in Gujarat has increased slightly from 1.27 lakh hectares last season to 1.31 lakh hectares this season. However, there has been a decrease in sowing in Madhya Pradesh and Rajasthan.

Weather conditions are reported to be normal in the major producing areas. Additionally, coriander exports have seen a sharp decline, with exports dropping from 81,000 tonnes to 38,000 tonnes in the first seven months of the current year, indicating weaker demand in international markets.