New Delhi. During the current week, the business in the coriander market was low. Because the prices remained limited in the futures market. But due to the bullish business sentiment, the prices of coriander in the spot markets were quoted strongly at the end of the week. The price of the month of May in the futures market opened at Rs 7080 at the beginning of the week, which closed at Rs 7020 at the end of the week. Whereas the futures of the month of June opened at Rs 7044 and closed at Rs 7082. Knowledgeable sources say that the arrival of coriander in the mandis of the producing centers has started decreasing. Because most of the total production has already arrived in the mandis. In the coming days, the arrival in the mandis will be limited. While there are estimates of improvement in local and export demand. It is worth mentioning that despite the decrease in sowing at the producing centers during the current season, the yield of coriander remained satisfactory because due to the weather being favorable for the crop, there was an increase in productivity per hectare. Sources believe that during the current season, coriander production in Gujarat, Madhya Pradesh and Rajasthan is likely to be more than one crore bags, whereas last year the production was 1.10 crore bags, in the year 2023 the production was 1.50/1.60 crore bags.

Informed sources say that apart from the low production during the current season, the outstanding stock of coriander was also low. It is noteworthy that during the current season, at the time of arrival of new goods at the producing centers, the stock of coriander was believed to be 35/40 lakh bags, whereas last year the stock was 65/70 lakh bags.