The arrival of coriander has reached an estimated 6.6 million bags in Gujarat, leading the total production to be around 8.5 to 9.0 million bags. Though the price remains the same, farmer sales are expected to increase after the monsoon season. However, the export of coriander has slightly decreased, and some rain-touched sacks have been reported within the total arrival.
Unfortunately for Gujarat farmers, coriander from Madhya Pradesh and Rajasthan have been selling more at a cheaper price. Despite this, Gujarat exports around 10,000 bags of coriander daily to other states. It is predicted that there will be no new boom-slowdown in coriander, but prices may see a minor decrease.
Currently, there is a significant arrival of coriander in the shops of Guna, Kumbhraj, Neemuch, Javra, Machhalpur, Ashoknagar, and Binaganj in Madhya Pradesh, with a daily arrival of 100,000 bags, out of which 20% is of the best quality. On the other hand, Russia traded 40 to 50 containers of old coriander in April at a rate of $590 to $600 per tonne. Though delivery will be in June, the quality is reported to be weak. However, the new Russian coriander crop is still being grown, and it is expected to arrive in India in October. Syria’s new arrivals will start in June, but because Syrian exporters are more interested in Cumin exports, there won’t be a lot of coriander exported. Importing Bulgarian coriander is impossible due to its expensive pricing of 5980 to 1000 USD, and conflict in Ukraine also bars import.
Overall, the market for coriander remains fluctuating, with a predicted improvement after 2 to 3 months. Thus, to conclude, market analysts believe there is no possibility of a new recession in Coriander; there will be an improvement after two to three months.