There is no possibility of much softening in coriander till the arrival of new crop starts

29-Jan-2025 08:34 PM

It looks like coriander's market dynamics are quite interesting this season, with some mixed signals. The slight increase in sowing area in Gujarat could help balance out the decrease in Rajasthan and Madhya Pradesh, but the overall production seems to be staying steady. It seems like the weather's been relatively favorable, which is good for stability.

The export performance definitely seems to be a key factor in the market. The significant drop in coriander exports for the first half of 2024 could signal that the global demand isn't as strong, which might affect the overall price stability.

It’s also interesting to note that while the arrival of coriander in markets like Ramganj and Baran is limited right now, the situation might change as harvest begins and more crops come in over the next couple of months.

Stockists' hesitance to show enthusiasm until more of the new crop arrives makes sense, given the uncertain export market.

It’ll be important to see whether there’s a significant shift in demand or whether the arrival of new stock creates enough pressure to influence prices.

Do you think the export situation could improve by the second half, or is the weak trend likely to persist?