As the rain dances across the landscape of India, the coriander market experiences ripples of change. Historically, feeble monsoon showers in August had cast a shadow, but the meteorological tides have turned. Once again, the monsoon graces numerous states, replenishing parched lands. Rajasthan, previously weather-worn from heavy rains and floods, now witnesses gentle showers. Yet, despite this meteorological resurgence, the appetite among stockists for coriander remains subdued.
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A subtle uptick in arrivals is observed in the markets of central coriander-producing states. Ramganj Mandi reports an influx of three and a half to four thousand sacks. Madhya Pradesh and Gujarat, too, note limited arrivals. This contradicts prior speculations of diminished coriander production in Rajasthan, which now appear unfounded.
With relatively modest arrivals, the prices in markets like Ramganj and Baran have experienced a slight dip. Increased purchasing by stockists led to a recent price drop in Ramganj Mandi.
The data from the Spices Board reveals a significant upswing in coriander exports, with 49,173 tonnes shipped in the first three months of the current financial year 2023-24. This starkly contrasts the 11,289 tonnes exported in the same period the previous year.
In conclusion, the path ahead for coriander prices remains uncertain. While recent monsoon rejuvenation has stabilized the market, it’s unclear whether this trend will persist. The volatile nature of coriander prices makes predicting a long-term rise or fall a challenging endeavor.
