Amid ongoing global market uncertainties, coriander prices have struggled to find upward momentum. Recent trading sessions saw further declines in both futures and spot markets, as limited arrivals in Rajasthan’s major mandis failed to lift overall sentiment. Currently, coriander futures are quoted at approximately USD 104 per quintal, with today’s session marking a USD 1.20 per quintal drop. The key September futures contract settled at USD 97.60 per quintal—down USD 0.70 per quintal—reflecting traders’ cautious outlook and the broader lack of reinvigorating catalysts.
Industry insiders expect continued sluggishness, with little hope for an immediate price rally. Lower international export demand, subdued activity in Indian mandis, and the ongoing arrival of smaller lots have all contributed to a generally weak market tone. This period of stagnation stands in contrast to previous quarters, where supportive demand and tighter supplies occasionally buoyed prices. Looking ahead, weather developments and further changes in global demand will be critical to watch for any sign of a turnaround.
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📈 Prices
| Contract/Product | Location | Purity/Type | Organic | Delivery Terms | Latest Price (EUR) | Change (EUR) | Update Date |
|---|---|---|---|---|---|---|---|
| Coriander Futures | India (Futures Market) | – | – | – | Approx. USD 104 (EUR 96.50*) | -1.20 (USD) | Today |
| Coriander seeds | Kairo, Egypt | 99.9% | No | FOB | 1.02 | 0.00 | 2025-08-23 |
| Coriander seeds | New Delhi, India | Whole | Yes | FOB | 2.38 | 0.00 | 2025-08-23 |
| Coriander seeds | New Delhi, India | Single parrot | No | FOB | 1.12 | 0.00 | 2025-08-23 |
*Approximate conversion at 1 USD = 0.93 EUR
🌍 Supply & Demand
- Arrivals: Remain limited at major mandis in Rajasthan, a key Indian growing region.
- Global Demand: Sluggish export interest, particularly from traditional buyers in the Middle East and Europe.
- Market Sentiment: Weak, with little improvement expected in the short term due to slow offtake by spice processors and restrained end-user activity.
📊 Fundamentals
- Futures Contracts: September contract closed at USD 97.60 per quintal (down USD 0.70).
- Inventories: Domestic warehouses report average stock levels; there’s no significant stock pressure yet.
- Speculative Positioning: Minimal speculative build-up in futures, as seen in daily open interest figures.
- Recent History: This decline contrasts with some earlier reports, which noted moderate firming due to concerns over weather and crop acreage.
🌦️ Weather Outlook & Crop Impact
- India (Rajasthan, MP): Weather has been largely normal, but monsoon variability remains a concern; sporadic showers have yet to significantly affect crop prospects.
- Egypt: Stable, dry weather is favourable for harvest quality though export logistics remain steady.
- Forecast: No immediate threat, but volatility possible if monsoon patterns shift abruptly in the coming week.
🌐 Global Production & Stocks
| Country | 2024 Prod. (est., 000 MT) | Stocks (2024 est., 000 MT) | 2023 Prod. (000 MT) |
|---|---|---|---|
| India | 460 | 90 | 470 |
| Egypt | 60 | 20 | 62 |
| Iran | 52 | 10 | 55 |
| Morocco | 34 | 7 | 33 |
India remains the main global supplier, with moderate carry-in stocks.
📆 Trading Outlook & Recommendations
- 📉 Short-term Bearish: Weakness will likely persist given limited arrivals, tepid demand, and lacklustre futures performance.
- 👁️ Monitor rainfall patterns in Rajasthan and MP—any major shift could alter the crop outlook and spur price volatility.
- 🔍 Exporters should watch global logistics and currency shifts closely, as these can affect competitiveness and pricing power.
- ♻️ Avoid speculative long positions until signs of a turnaround or clear demand revival emerge.
⏳ 3-Day Regional Price Forecast
- Indian Mandis: Expected to hover between USD 96-98 per quintal; sentiment remains soft.
- Egypt FOB: Likely steady at EUR 1.01–1.03/kg given stable weather and market conditions.
- India (Organic, New Delhi): Likely to maintain around EUR 2.38/kg, with no near-term changes expected.
Data sources: Physical offers, futures market settlements, and analyst estimates. Latest weather and export data considered.
