The coriander market is currently navigating a period of pronounced uncertainty, shaped by erratic weather, subdued arrivals, and wavering demand. With the onset of the monsoon extending into Rajasthan—India’s coriander heartland—key production areas like Ramganj and Baran have confronted intermittent and at times heavy rainfall. This has notably impacted both the harvesting operations and the delivery of produce to major mandis, creating downward pressure on prices.
Arrivals in principal wholesale markets remain tepid, with daily consignments in Ramganj averaging 4,000–4,500 bags but failing to lift sentiment as prices linger below farmer expectations. Similarly, Baran’s slightly firmer rates have not spurred higher participation, constraining overall trade volumes. This unique blend of low arrivals, weak offtake, and weather-induced disruptions has prevented any meaningful recovery in coriander valuations—keeping both traders and producers on edge.
Additionally, the persistent lull follows a marked drop in sowing activity: key states Rajasthan and Madhya Pradesh have reportedly cut coriander acreage by approximately 25% compared to last year. Export trends echo this caution, as volumes have dipped by over 40% in the latest fiscal data from the Spice Board of India. Amid these headwinds, most market watchers anticipate stable to further weakening prices in the near term, pending shifts in the weather or a resurgence in demand.
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📈 Prices
| Market/Type | Price Range (USD/quintal) | Weekly Change (USD) | Sentiment |
|---|---|---|---|
| Ramganj (Rajasthan) | 75.90–77.10 | -1.20 to -1.80 | Weak |
| Eelra (Rajasthan) | 80.70–83.10 | Steady | Stable |
| Baran (Rajasthan) | 77.10–78.30; 81.90–83.10 | Slight Recovery | Stable/Resilient |
| Delhi (Wholesale) | 96.40–98.80 | -1.20 | Stable |
| Gujarat | NA | Minor Upside | Stable |
| Product (FOB New Delhi) | Type | Origin | Price (EUR/kg) | Weekly Change |
|---|---|---|---|---|
| Coriander seeds | Whole, organic | IN | 2.40 | -0.01 |
| Coriander seeds | Powder, organic | IN | 2.69 | -0.01 |
| Coriander seeds | Single parrot | IN | 1.12 | 0.00 |
| Coriander seeds | Double parrot | IN | 1.23 | 0.00 |
| Coriander seeds | 99.9% purity | IN | 0.88 | -0.01 |
| Coriander seeds | Eagle, split, 98% | IN | 0.84 | -0.01 |
| Coriander seeds | 99.9% purity | EG | 0.96 | -0.02 |
🌍 Supply & Demand
- Arrivals in Rajasthan’s main mandis remain lackluster: Ramganj (4,000–4,500 bags/day), Baran (400–500 bags/day); trade volumes are low and prices below farmer expectations are discouraging further arrivals.
- The monsoon’s arrival has forcibly slowed both harvesting and transportation, with some localities facing outright flooding.
- Sowing in Rajasthan and Madhya Pradesh is reportedly down 25% on last year, signaling diminished future supplies.
- Export volumes for 2024–25 YTD sharply declined to 60,323 tonnes (USD 76.29 million), down from 106,624 tonnes (USD 114.2 million) the previous year.
- Indian domestic demand remains tepid in the wake of earlier price drops, while demand from the spice blends sector offers a limited cushion.
📊 Fundamentals
- USDA or similarly authoritative supply projections for coriander are not available, but all indications suggest tight forward supplies as new sowing is curtailed.
- Speculative activity in coriander remains light due to poor immediate prospects; recent price recoveries have been modest and lacked follow-through. Reports show minimal open interest in coriander futures markets in India.
- Offtake by bulk buyers is muted, and institutional purchases have slowed in anticipation of further price weakness.
🌦️ Weather Outlook & Crop Impact
- Recent and ongoing monsoon activity: Rajasthan and parts of Madhya Pradesh have witnessed scattered to heavy rainfall, hampering drying and logistics. Flooding in isolated areas threatens localized crop damage.
- IMD forecasts for the next week indicate further spells of rainfall, with above-average precipitation expected in key coriander belts. If rainfall persists or intensifies, late sown crops could be at further risk.
- Weather stabilization is crucial for resumption of large-scale harvest and market arrivals.
🌐 Global Production & Stock Comparison
- India remains the largest global producer and exporter, accounting for over 80% of world shipments. However, 2024–25 export declines highlight the squeeze in Indian supply.
- Egypt and Morocco are the next important origins; Egypt’s pricing (FOB Cairo: EUR 0.96/kg) offers moderate competition as Indian prices stabilize.
- Global buyers will closely monitor Indian forward supply risks; delayed/weak Indian shipments may shift short-term demand to alternate origins.
📆 Trading Outlook & Recommendations
- Bullish triggers: Further crop losses from heavy rains; renewed export demand if INR weakens or quality improves.
- Bearish triggers: Persistently weak domestic offtake; large unsold stocks post-monsoon; continued global demand shift to alternate origins.
- Buyers: Await post-monsoon clarity; secure short-term cover but avoid aggressive long positions until arrivals improve and weather risk subsides.
- Producers/Traders: Focus on quality preservation and market signaling; stagger sales using storage to avoid post-monsoon glut.
- Exporters: Monitor logistics and buyer sentiment, especially in the Middle East and Southeast Asia markets which prefer Indian origin quality.
🔮 3-Day Regional Price Forecast
| Region/Exchange | Spot Price (USD/quintal) | 3-Day Trend |
|---|---|---|
| Ramganj (Rajasthan) | 76.50 | Stable to Weak |
| Baran (Rajasthan) | 78.00 | Stable |
| Delhi (Wholesale) | 97.60 | Stable |
| Eelra (Rajasthan) | 81.90 | Stable |
| Gujarat | NA | Stable |
