No possibility of recession in fenugreek

28-Mar-2025 06:47 PM

🌿 No Major Recession Expected in Fenugreek Market

📍 New Delhi, India – Despite higher fenugreek production in the 2024-25 season, experts suggest no significant price decline is expected.

📊 Fenugreek Production Overview

✅ Total production estimate: 18-19 lakh quintals (compared to 17-18 lakh quintals last year).
✅ Sowing area (in thousand hectares):

• Rajasthan: 47.45 (↑ from 42.95)

• Gujarat: 18.6 (↑ from 17.97)

• Madhya Pradesh: 64.09 (↓ from 67.39)
  ✅ Yield per hectare (kg):

• Rajasthan: 1,285 (↑ from 1,219)

• Gujarat: 1,385 (↑ from 1,370)

• Madhya Pradesh: 1,323 (same as last year)

📦 Stock Availability & Market Trends

📉 Lower carryover stock from last season:

• Last year: 3.5-4 lakh quintals

• This year: 1.5-2 lakh quintals
  📈 Current price: ₹44-50 per kg.
  📌 Expected fluctuation: Prices may see ₹1-2 per kg decline post-March due to arrival pressure.

🌍 Fenugreek Export Boom 🚀

📦 Export (April-Dec 2024): 31,682.38 tonnes (↑ 49% YoY).
💰 Revenue: ₹26,240.22 lakh (↑ 41% YoY).
📦 Export (April-Dec 2023): 21,278.79 tonnes | ₹18,623 lakh.

📢 Market Outlook

🔹 Strong demand & lower stock should prevent a major recession.
🔹 Stocking at current prices may be profitable for traders.
🔹 Exports remain high, providing market stability.