Fenugreek Prices at Lowest Level – Time to Stock Up!

21-Mar-2025 07:04 PM

Production & Sowing:

• Current sowing area: 1.30 lakh hectares (↑ from 1.28 lakh ha last year).
• Estimated production: 20 lakh quintals (vs. 18 lakh quintals last year).
• Goa seminar estimate: 17.16 lakh quintals.

Market Arrivals (New Crop Inflow):

• Madhya Pradesh:
  • Neemuch: 4,000–5,000 bags
  • Javra: 3,000–3,500 bags
  • Mandsaur: 1,200–1,500 bags
• Gujarat (Rajkot): 4,000–5,000 bags

Price Trends (Mandis):

• Madhya Pradesh: ₹4,600–₹5,200 per quintal
• Gujarat (Rajkot): ₹4,400–₹5,000 per quintal
• Rajasthan (Kota, Nokha): ₹4,500–₹5,000 per quintal
  🔹 Stocking at current low prices could be a profitable move.

Low Carry-Over Stock:

• Current stock: 1.5–2 lakh quintals.
• Last year stock: 3.5–4 lakh quintals.

High Export Demand:

• April-Dec 2024: 31,682 tonnes exported (↑49% YoY).
• April-Dec 2023: 21,278 tonnes exported.
• 2023-24 (April-March): 30,855 tonnes total export.
• Record export: 40,340 tonnes (2020-21).

With low prices, lower stock, and high exports, is this the right time to invest in fenugreek?