Fenugreek Market Holds Firm as Consistent Demand Supports Prices

The fenugreek market continues to impress with its resilience, displaying stable prices alongside persistent trade activity. Trading currently stands at around $74,460 per ton, with a recent gain of approximately $1,200 per ton driven by strong market sentiment. Key buying centers, especially in Rajasthan, have reported steady arrivals and balanced volumes, while prices have held their ground due to unfaltering domestic demand spanning across India. Market insiders attribute this firmness to broad-based buying support that has effectively prevented any downward correction, even as values reach historically high levels.

The positive undertone in the market is expected to linger, as neither arrivals nor demand signals a meaningful shift in the near term. This ongoing stability presents confidence to stakeholders at all supply chain levels—traders, processors, and exporters alike.

📈 Prices and Key Exchange Levels

Product	Origin/Location	Spec/Type	Organic	Price (EUR/ton, FOB)	Weekly Change	Market Sentiment
Fenugreek seeds	India, New Delhi	Standard	Yes	1,180	0%	Steady
Fenugreek seeds	India, New Delhi	99% Purity	No	740	0%	Stable
Fenugreek seeds	India, New Delhi	Powder	Yes	1,350	0%	Firm
Fenugreek seeds	India, New Delhi	FAQ, machine clean	No	700	0%	Stable
Fenugreek seeds	Egypt, Kairo	Standard	No	940	+1.1%	Slightly higher

🌍 Supply & Demand Drivers

• Steady Arrivals: Major producing regions, particularly Rajasthan, are witnessing normalized arrivals with no supply bottlenecks reported.
• Consistent Domestic & Export Demand: Traders across India confirm robust procurement by domestic traders and exporters, mainly to cover short- to medium-term needs.
• Stable Buying Activity: Despite firm prices, buyers remain actively engaged, keeping the market supported at higher price levels.

📊 Fundamentals Overview

• Recent Price Trend: Prices have increased by about $1,200/ton over the past week, signaling bullish undertones.
• Key Market Sentiment: Trading floors and auctions reveal sentiments aligned with a healthy, well-supported market, with balanced inventory positions among wholesalers.
• Inventories: Current stock levels are sufficient to meet demand through the short term, as peak season buying is reported to be slightly above average compared to the same period last year.

🌦️ Weather Outlook & Crop Impact

• Rajasthan: Weather forecasts indicate moderate to above-average monsoon rainfall for the next week which is positive for current standing crop and late-sown fields, reducing concerns over potential yield losses.
• Egypt: Mild temperatures and favorable soil moisture conditions are supporting crop maturation, further stabilizing export potential.

🌏 Global Production & Stocks

Country	Estimated Production (2024, tons)	Stock/Inventory (2024, tons)	Change YoY
India	~175,000	High-normal	+2%
Egypt	~33,000	Normal	0%
Turkey	~11,000	Stable	–1%
Others	~8,000	Stable	Stable

📌 Trading Outlook & Recommendations

• Short-term: Expect continued firmness, with little risk of correction as long as arrivals and demand remain balanced.
• For Exporters: Consider locking in forward contracts at current levels to secure margins.
• For Processors: Maintain moderate coverage; opportunistic buying on small dips may be considered if available.
• For Importers: Egyptian and Turkish offers may show minor variation, but Indian origin will likely continue attracting the bulk of demand.

📆 3-Day Regional Price Forecast (EUR/ton, FOB)

Date	IN/Organic	IN/Std	IN/99% Purity	EG/Std
Day 1	1,180	700	740	940
Day 2	1,180	700	740	940
Day 3	1,180	700	740	940

Note: All price forecasts assume steady arrivals and demand; unexpected weather events may prompt minor adjustments.