Indian coriander prices are trading slightly softer, with modest week‑on‑week declines in New Delhi FOB values for both organic and conventional grades, while futures on NCDEX remain range‑bound around recent averages. The market is digesting steady new‑crop arrivals from Rajasthan and Madhya Pradesh against still‑subdued export demand.
Indian coriander is currently in a sideways‑to‑slightly‑weak phase after the main harvest, with exporters and domestic traders buying hand‑to‑mouth. Spot prices at key physical hubs such as Kota have eased marginally in recent weeks, while futures on NCDEX are holding near INR 11,000 per quintal, indicating limited bullish conviction despite the seasonal arrival peak. At the same time, weather in major growing regions remains largely benign, reducing near‑term supply risk and keeping the focus firmly on demand and trade flows rather than crop concerns.
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📈 Prices & Spreads
Based on the latest offers updated on 28 March 2026, New Delhi FOB coriander values converted into EUR show a slight softening from mid‑March levels. Organic whole and powder grades have slipped by roughly 2–3%, while most conventional grades are either flat or up by around 1–2% over the last three weeks, reflecting adequate new‑crop supply and cautious buying.
| Grade (New Delhi FOB) | Latest price (EUR/kg) | 1‑week change |
|---|---|---|
| Coriander seeds, organic whole (IN) | ≈ 1.95 | −2.3% |
| Coriander seeds, organic powder (IN) | ≈ 2.28 | −2.0% |
| Coriander seeds, eagle split 98% (IN, FOB) | ≈ 0.87 | +2.2% |
| Coriander seeds, single parrot (IN) | ≈ 1.08 | +1.7% |
| Coriander seeds, double parrot (IN) | ≈ 1.21 | +0.8% |
On the domestic side, spot coriander at Kota mandi in Rajasthan was recently quoted around INR 10,650 per quintal in mid‑February, with NCDEX April futures trading just above INR 11,000 per quintal, pointing to a modest carry and expectations of ample availability into April.
🌍 Supply & Demand Drivers
Fresh Rabi‑season coriander from Rajasthan, Madhya Pradesh and Gujarat is now entering the market, with historical patterns showing peak arrivals during March–May. This seasonal influx aligns with the observed softening in organic quotes and stable‑to‑firm conventional prices in New Delhi. Market participants indicate that new‑crop quality is generally good, limiting any quality‑related premiums.
On the demand side, India remains a leading global coriander supplier, but official data show that combined exports of turmeric, cardamom and coriander grew in value in 2024‑25, even as coriander‑specific shipments have underperformed in recent seasons due to weaker West Asian and Southeast Asian demand and quality issues. Recent trade chatter still highlights interest in coriander powder from exporters and domestic buyers, but the tone is opportunistic rather than aggressive stocking.
📊 Fundamentals & Weather
Structurally, coriander production in India has expanded in recent years, with arrivals in major APMC markets across Gujarat, Madhya Pradesh and Rajasthan rebounding strongly in 2023‑24 after a smaller 2022‑23 crop. Recent analytical reports for 2025 also noted that favourable flowering and pod‑setting weather supported yields and kept overall output near last year’s high levels, helping cap price rallies.
For the immediate outlook (next three days), no disruptive weather is expected in core coriander belts of Rajasthan, Madhya Pradesh and Gujarat. The latest IMD guidance for late March points to seasonally warm to hot and mostly dry conditions over western and central India, with any heat episodes in Gujarat and west Rajasthan more relevant for summer crops and labour conditions than for the already‑harvested coriander crop. As a result, weather is not a bullish driver for coriander in the very short term.
📆 Short‑Term Outlook & Trading Ideas
Given the current balance of steady arrivals, comfortable stocks and lacklustre export pull, the short‑term bias in Indian coriander remains mildly negative to sideways. Futures near INR 11,000 per quintal on NCDEX signal that the market expects continued availability without acute downside panic.
- Importers/Buyers: Use the present softness in New Delhi organic and conventional FOB offers to secure near‑term coverage. Stagger purchases over the next 2–3 weeks rather than front‑loading, as ample arrivals should cap sharp upside.
- Indian Stockists/Traders: Avoid aggressive long buildup at current levels; focus on basis trades between physical markets like Kota/Ramganj and NCDEX futures, keeping tight stop‑losses given the comfortable supply picture.
- Exporters: Competitive EUR‑denominated FOB prices favour tactical sales into price‑sensitive markets, but manage credit and destination risk carefully given recent volatility in spice export flows.
📉 3‑Day Price Indication (Region: IN)
- New Delhi FOB – organic whole & powder: Mild downside to flat bias; indicative move −0.5% to −1.5% over the next three days as arrivals remain steady and buyers negotiate harder.
- New Delhi FOB – conventional grades (single/double parrot, eagle split): Largely stable with a slight softening tendency; expected range‑bound within ±1% as domestic demand offsets arrival pressure.
- NCDEX coriander futures (near month): Likely to oscillate close to INR 11,000 per quintal, tracking spot mandis like Kota with limited directional triggers in the immediate term.
