Fenugreek production will increase due to more sowing

29-Jan-2025 07:30 PM

It looks like the fenugreek market is currently facing a mix of challenges and expectations for growth in the coming months.

The increased sowing in Gujarat, Madhya Pradesh, and Rajasthan signals a larger crop this year, with production estimates rising from last year’s 18-20 lakh quintals to a forecast of 22-23 lakh quintals.

Despite the good sowing conditions, market prices are under pressure due to higher arrivals, weak demand, and stockists trying to offload old stock.

The export figures are interesting, though, as they show an increase in demand for fenugreek abroad, which is keeping the overall stock low compared to last year.

The current outlook points toward continued bearish trends in the market until the new crop starts arriving around March, although the impact of higher exports could offset some of that.

Do you think this price dip will last until the new crop, or could the increased exports help stabilize the market sooner?