Weekly Review-Coriander

29-Mar-2025 07:52 PM

Coriander prices not yet on the rise

New Delhi. During the current week, the prices of coriander remained subdued in spot and futures. There is no possibility of much rise in the near future. Because currently, most of the mandis are closed due to March closing. After the mandis open on 2nd April, there will be pressure of arrivals in the mandis. Due to which there can be a decline of 3/5 rupees in the prices, more decline than this is not possible. Because in the coming time, the arrivals will start decreasing in the mandis of the major producing state Gujarat. Whereas in the mandis of Rajasthan and Madhya Pradesh, the arrivals will be good during the month of April. After the month of April, coriander prices will start increasing gradually.

Production

Although there has been a decrease in the sowing area of ​​coriander during the current season, but after sowing, due to the weather being favorable for the crop, an increase in productivity per hectare has been recorded. According to the information received, for the current season, the area of ​​sowing of coriander in the major producing states of Gujarat, Madhya Pradesh and Rajasthan was 3.37 lakh hectares, whereas last year sowing was done on 3.64 lakh hectares. According to the estimates released in the Masala Seminar held in Goa recently, the productivity of coriander per hectare in Madhya Pradesh has increased from 1279 kg last year to 1310 kg. Whereas in Gujarat, the productivity per hectare is reported to be 1311 kg. Last year the productivity per hectare in Gujarat was 1273 kg. There is news of 2.2 percent increase in productivity in Rajasthan and during the current season, the yield of coriander per hectare in Rajasthan is believed to be 1308 kg. Due to increase in productivity per hectare, this year the coriander production has been estimated to be 1.10 crore bags, whereas last year the production was estimated to be 1.16 crore bags (each bag of 40 kg). In the year 2023, the production was 1.50/1.60 crore bags.

Low stock

Along with low production, the outstanding stock of coriander this year is also considered to be less than last year. Sources say that at present the stock of coriander in the markets of production centers is considered to be 35/40 lakh bags. Whereas last year the stock was of 65/70 lakh bags. Sources say that every year the consumption of coriander is around 1.50/1.60 crore bags including local demand and export. Whereas during the year 2025, the total availability including total production and outstanding stock will be 1.40/1.50 crore bags. Due to which the prices of coriander are likely to remain strong in the coming days.

Slow rise

As I Grain India had also written in its March 1 issue that due to pressure of arrivals in the month of March, coriander prices may fall by 5/7 rupees per kg and during the current month, a slowdown of 3/5 rupees has been registered in coriander prices. Currently, the prices of coriander eagle in the mandis are running at Rs 68/72 and badami at Rs 62/67 per kg. Market sources say that as the pressure of arrivals decreases, prices will start rising. And during the month of May-June, prices are likely to rise by 5/10 rupees per kg.

Import

Although coriander production is sufficient in the country, but according to the data released by the Spices Board of imported goods, 28828 tonnes of coriander was imported during the year 2023-24, whereas during the year 2022-23, 31383 tonnes were imported.

Exports halved

Coriander exports have declined by 50 percent during the current season. According to the data released by the Spices Board, coriander exports during April-December-2024 were 43609 tonnes and the export income was Rs 45870 lakh. Whereas in April-December 2023, coriander exports were 87531 tonnes and the export income was Rs 75089 lakh. Along with the decline in exports, income has also declined by 39 percent.