Coriander Market Outlook: Supply Tightens, Prices Surge Amid Strong Demand

The coriander market is witnessing a pronounced surge, driven by a convergence of tightening supply and increased demand from both domestic processors and export buyers. With arrivals from major producing states such as Rajasthan, Madhya Pradesh, and Gujarat having dwindled post-harvest, daily market inflows remain extremely low. This scarcity is especially evident in key mandis, where old stock is rapidly shrinking and new arrivals are unlikely before February. These supply-side constraints are fueling a robust upward trajectory for prices, as traders and processors compete for increasingly limited volumes.

Amplifying the bullish sentiment is a visible increase in export orders, especially from spice companies and bulk buyers who are keen to secure inventory ahead of further anticipated gains. Current on-ground insights confirm that coriander Badami is trading in the $660–$720/quintal range, Eagle at $720–$785/quintal, and premium lots commanding $870/quintal in Ramganj, $910–$985/quintal in Gondal, and up to $1,220/quintal in the premium Delhi market segments. As the old crop gets depleted and stockists hold on to their limited goods in anticipation of new highs, the market outlook remains firmly upward, underpinned by steady local demand and aggressive export activity. Should these dynamics persist, analysts forecast further appreciation over the coming weeks.

📈 Prices

Market/Type	Quality	Location	Latest Price (USD/quintal)	Weekly Change	Sentiment
Badami	Whole	Rajasthan, MP, Gujarat	660–720	+2.5%	Bullish
Eagle	Whole	Major Mandis	720–785	+2.2%	Bullish
Premium	Whole	Ramganj	870	+3.0%	Bullish
Premium	Whole	Gondal	910–985	+2.8%	Bullish
Top Quality	Whole	Delhi	1,060–1,220	+3.5%	Very Bullish

🌍 Supply & Demand

• Arrivals at mandis remain unusually low for July, intensifying competition for existing stocks.
• Domestic demand from processors and local stockists is strong; export orders have risen steadily since early July.
• Key producing regions, especially Rajasthan, have reported limited leftover stock; procurement by large buyers is evident.
• The next harvest is expected in February, implying at least six months of further supply tightness.

📊 Fundamentals

• Stocks at major spice markets are at multi-year lows.
• Both domestic and export processors are actively seeking supplies, pushing up spot and forward prices.
• Market participants are holding positions, anticipating further upside in view of tightening inventories and strong consumption.
• Export demand remains robust, with Indian coriander prices remaining competitive on the global market.

🛰️ Weather Outlook

• Rajasthan, Gujarat, Madhya Pradesh: Monsoon onset has been timely but patchy. Meteorological data shows slightly below-average rainfall in some areas, raising concerns for upcoming sowing but having limited current impact as harvest is already complete.
• Short-term dry spells are allowing for safe storage, but prolonged dryness could affect planting moisture later this year.
• Forecast: Next 7 days expect near-normal rainfall with no major flood or drought risk for stored stocks; planting season outlook remains uncertain and will be monitored.

🌎 Global Outlook

Country	Production (2023, ‘000 MT)	Stocks (estimated, July 2024, ‘000 MT)	Key Trends
India	725	24	Lowest stocks in 4 years; higher export demand
Morocco	95	8	Stable output, lower exports
Russia	62	6	Steady, some internal consumption rise
Egypt	88	5	Stable, limited exports
EU (imports)	–	n/a	Growing import demand

📊 Latest Export Market Prices (Key Offers, EUR/MT, FOB New Delhi or Cairo)

Product	Type/Quality	Origin	Price (EUR/MT)	Previous	Update Date
Coriander seeds	Whole, Organic	India	2,400	2,400	2025-07-19
Coriander seeds	Single parrot	India	1,120	1,120	2025-07-19
Coriander seeds	99.9% purity	India	880	880	2025-07-19
Coriander seeds	99.9% purity	Egypt	970	970	2025-07-19
Coriander seeds	Powder, Organic	India	2,690	2,690	2025-07-19
Coriander seeds	Eagle, split, 98%	India	840	840	2025-07-19
Coriander seeds	Double parrot	India	1,240	1,230	2025-07-19

📌 Market Drivers

• Reduced arrivals from primary producing regions.
• Exhaustion of old stocks amid delayed new crop, forcing stockists to hold onto inventory.
• Strengthening demand from processors, stockists, and exporters alike.
• Speculative positions increasing in expectation of further upside.
• No signs of consumption decline; export demand from Middle Eastern and Western markets remains strong.

📆 Trading Outlook & Recommendations

• 🌟 Bullish bias — fundamentals clearly favor sellers; prices likely to remain elevated in both domestic and export markets in the short term.
• 🔒 Hold: Sellers/Stockists should withhold large volumes if able; further price increases probable before the next harvest window.
• 🤝 Buyers/Processors: Secure essential inventory soon. Delays risk exposure to higher spot/forward prices.
• ⚡ Exporters: Take advantage of strong foreign demand and tightness; consider forward contracts to lock in premiums.
• ⚠️ Stay alert: Monitor progress of sowing post-monsoon, as shifts in planting conditions may affect medium-term sentiment.

⏳ 3-Day Regional Price Forecast

Market	Product	Current Price (USD/quintal)	3-Day Forecast (USD/quintal)	Trend
Ramganj	Premium Whole	870	880–900	⬆️
Gondal	Premium Whole	910–985	930–1,000	⬆️
Delhi	Top Quality	1,060–1,220	1,090–1,250	⬆️
FOB India	Organic Whole	2,400 EUR/MT	2,430–2,450 EUR/MT	⬆️

Comparative note: Compared to last month’s report, current market pricing has firmed up further, with stronger upside pressure as arrivals have dwindled faster than anticipated and export demand remains robust. Sector participants should consider previous lessons—early procurement remains the best risk mitigation in this persistently tight environment.