Weekly Review – Coriander
04-Apr-2026 07:29 PM
Record Surge in Coriander Prices
New Delhi: A record surge in coriander prices was recorded during the current week. Notably, due to a decline in domestic coriander production over the past three years—coupled with dwindling carry-over stocks—prices have recently witnessed a sharp rise of ₹18–20 per kilogram. However, sources indicate that most *mandis* (wholesale markets) in key production centers had remained closed for holidays until now. Trading is set to resume in all markets starting next week, which is expected to lead to an increase in market arrivals. Consequently, prices may experience a slight decline, as farmers are likely to offload a significant portion of their produce given the currently elevated price levels.
Production
During the current season, domestic coriander production is estimated at 9.5–9.7 million bags. This stands in contrast to the production figures of 11 million bags in 2025 and 12 million bags in 2024. A record production volume of 16 million bags was recorded in 2023. Coriander is primarily produced in the states of Madhya Pradesh, Gujarat, and Rajasthan.
Price Rally
Although most markets remained closed due to holidays in the production centers, a significant upward trend in prices was observed once trading resumed during the final two days of the week. This surge is attributed to the continuous day-over-day rise in futures market rates. During the current week, prices in the production centers reached record levels, with the 'Eagle' variety of coriander being quoted at ₹125–130 per kg and the 'Badami' variety at ₹115–120 per kg. Given the current market dynamics, sources believe that the price of the 'Eagle' variety could touch the ₹150 per kg mark at any point during the current season—provided there are no imports in the coming days.
Possibility of Profit-Booking Sales
Sources suggest that, given the continuous rise in prices, there is a strong possibility that the market may witness profit-booking sales in the coming days. Consequently, prices could experience a short-term decline of ₹5–8 per kg. However, prices are subsequently expected to start rising again, as total availability will remain lower than consumption. According to estimates, approximately 1.40 to 1.50 crore bags are required to meet the combined demand of exports and domestic consumption; however, the total availability—comprising both the new harvest and existing stock—is projected to stand at 1.20 to 1.25 crore bags.
Exports
According to data released by the Spices Board, coriander exports increased by 5 percent during the first 10 months of the current financial year (2025–26), while export earnings registered a growth of 10 percent. During the period from April 2025 to January 2026, coriander exports amounted to 52,006 tonnes, generating earnings of ₹570.29 crore. In comparison, during the corresponding period of the previous year (April 2024 to January 2025), exports stood at 49,396 tonnes, yielding earnings of ₹520.21 crore. For the full financial year 2024–25 (April–March), total coriander exports amounted to 60,330 tonnes. Notably, the year 2023–24 witnessed a record high in coriander exports, reaching 108,624 tonnes.