News Capsule: Coriander Prices Jump 67% on Supply Shortage, Market Remains Strongly Bullish
11-Apr-2026 01:37 PM
News Capsule: Coriander Prices Jump 67% on Supply Shortage, Market Remains Strongly Bullish
★ Coriander prices remain highly bullish as production has declined for the third consecutive year.
★ Output in 2026 is estimated at 9.5–9.7 million bags, down from 11 million bags last year.
★ Farmers shifted to more profitable crops like mustard and chana, reducing coriander acreage by 12% in key producing states such as Rajasthan, Madhya Pradesh, and Gujarat.
★ Spot prices have risen to around ₹130/kg, up 50% year-on-year, while futures have surged 67% to ₹13,088 per 100 kg.
★ A brief correction as fresh arrivals enter markets, but the broader trend remains firm.
★ Prices may rise to ₹150/kg by June and ₹175/kg by year-end.
★ Imports could help, but West Asia tensions and Strait of Hormuz disruptions remain a major logistical risk.