New Delhi. Coriander business has been limited for some time due to low exports and local trade. Although during the current season, coriander production in the country was less than last year, but due to good last year's stock and low exports, prices did not increase, but sources believe that prices may improve in the second fortnight of the current month as arrivals in the markets have decreased. Apart from this, local demand is expected to emerge in addition to improving export demand in the coming days.

Informed sources say that due to about 70/75 percent of the total production coming to the mandis, the arrival in the mandis has started decreasing. Currently, the arrival in Gondal Mandi of Gujarat has come down to 4/5 thousand bags, while in Rajkot, Junagadh, the arrival is of 500/700 bags. In Guna Mandi of Madhya Pradesh, the arrival is 1500/2000 bags and Kumbhraj is 1000/1200 bags. While in Ashoknagar, Neemuch Mandi, the arrival has come down to 500/600 bags. In Ramganj Mandi of Rajasthan, the arrival is 2000/2500 bags and in Kota, the arrival is 500/600 bags. It is noteworthy that during the current season, the production of coriander in Gujarat is estimated to be 40/42 lakh bags, while in Madhya Pradesh, the production was estimated to be 45/48 lakh bags and in Rajasthan, the production was estimated to be 14/15 lakh bags.

Due to low spot and export demand, the prices of coriander remained subdued in the futures and spot markets during the current week. In the spot markets, the prices of coriander declined by Rs 50/100 per quintal, while in the futures, the price of July closed at Rs 7168 with a decline from Rs 7220 and the price of August closed at Rs 7236 with a decline from Rs 7260, while in the spot markets, the price of coriander eagle is being quoted at Rs 6700/6900 and the price of badaami is being quoted at Rs 6000/6500 per quintal. Sources believe that there is no possibility of a decline in the current prices. Sources believe that with the possibility of demand coming out soon, it is being estimated that prices should rise by Rs 8/10 per kg during the months of July-August.

There are reports of less availability of coriander as compared to consumption during the current season. According to an estimate, apart from the production of about 1 crore bags of coriander during the current season, the outstanding stock is believed to be 35/40 lakh bags, while the requirement of coriander including export and local consumption is around 1.50/1.60 crore bags. Sources believe that due to the decrease in production in the country for the second year also, the stock of coriander will remain nominal in the coming season.

There has been a sharp decline in coriander exports during the current financial year 2024-25. According to the data released by the Spices Board, a total of 60324 tonnes of coriander was exported during April-March (2024-25). Whereas the exports of April-March (2023-24) were 108624 tonnes. The income received from coriander exports during the current season was Rs 63320 lakh while the income received in the last season was Rs 94827 lakh. Quantitatively, coriander exports during the current season were down by 44 percent while a decline of 33 percent has been recorded in terms of income.