Coriander Market Stagnates Amid Sluggish Demand: Will Prices Find Support?

The coriander market finds itself in a phase of stagnation despite a drop in arrivals across key producing states. Markets in Rajasthan, Madhya Pradesh, and Gujarat report lower inflows of fresh coriander due to the seasonal easing of the harvest, yet this reduction has so far failed to generate upward momentum in prices. Trade contacts indicate that weak demand is prevailing both from domestic spice processors and international buyers, with stockiest remaining largely sidelined. Medium-quality coriander in Ramganj mandi currently commands $79–$82 per quintal, with premium lots just slightly higher.

The persistent lack of robust buying has weighed against the typical expectations of tighter supply boosting prices. Meanwhile, export activity remains muted as global buyers seek less expensive alternatives, a trend echoed in futures contracts that closed near $84–$85 per quintal. Until domestic or export demand revives, analysts see little prospect for a turnaround. In the broader context, the coriander market appears to be in wait-and-watch mode, watching closely for demand-side triggers that could revive momentum—otherwise, the path ahead looks flat for now.

📈 Prices

Origin	Type	Organic	Price (EUR/kg)	Change (WoW)	Update Date	Location (FOB)
Egypt	99.9% purity	No	1.02	0.00	2025-08-23	Kairo
India	Whole	Yes	2.38	0.00	2025-08-23	New Delhi
India	Single Parrot	No	1.12	0.00	2025-08-23	New Delhi
India	99.9% purity	No	0.89	0.00	2025-08-23	New Delhi
India	Powder (organic)	Yes	2.71	0.00	2025-08-23	New Delhi
India	Double Parrot	No	1.25	0.00	2025-08-23	New Delhi
India	Eagle, Split, 98% purity	No	0.86	0.00	2025-08-23	New Delhi

🌍 Supply & Demand Drivers

• Arrivals across major mandis at 8,000–8,500 bags/day, lower than previous months, yet insufficient to support higher prices.
• Domestic demand remains weak, with spice processors and stockists largely on the sidelines.
• Export activity muted as international buyers search for cheaper sources of supply.
• Futures market reflects persistent weak sentiment, with contracts near recent lows.

📊 Fundamentals & Comparison

• Recent report comparison: Previous updates also recorded stagnating prices on the back of heavy inventory and tepid offtake—current levels continue this trend.
• India and Egypt remain key exporters, while global buyers increasingly diversify their sourcing amid volatile prices.

🌦️ Weather Outlook

• Central and Northern India, main cultivation areas, report mixed monsoon performance with localized rainfall deficits.
• Forecasts suggest scattered showers over Rajasthan and Madhya Pradesh in the coming week, possibly aiding soil moisture but unlikely to affect this season’s harvested crop.
• No major weather risks foreseen for the matured crop; potential improvement in sowing conditions for the winter season if rains pick up.

🌐 Global Production & Stock 📦

• India: Largest producer and exporter; stocks considered comfortable, but slow offtake keeping inventories high.
• Egypt: Exporters report steady stock levels; prices stable but facing pressure from subdued demand.
• Turkey and Eastern Europe: Minor producers; opportunistic exports when Indian/Egyptian supply tightens.

📆 Market Outlook & Trading Recommendations

• Expect continued sideways to slightly weak bias until demand from processors or key export markets improves significantly.
• Monitor export enquiries and Indian festival season for potential demand uptick in coming weeks.
• Watch for government procurement or intervention news, though none is anticipated short term.
• Short-term traders: Cautious approach advised; volatility remains low with limited upside risk.
• Stockists: Avoid aggressive accumulation until demand signals turn positive.

🔮 3-Day Regional Price Forecast

Exchange/Market	Current Price (USD/qtl)	3-Day Forecast (USD/qtl)	Sentiment
Ramganj (medium)	80.5	79.5 – 81.0	Bearish
Ramganj (premium)	84.5	83.5 – 85.0	Weak
Kota/Baran (avg)	81.0	79.0 – 82.0	Bearish
NCDX Futures	84.0 – 85.0	83.0 – 85.0	Flat/Weak