Coriander Seed Imports Spice Up Russia Trade

Alongside the exponential jump in India’s imports of Russian crude oil in recent months, another commodity is spicing up trade with Moscow in the aftermath of its invasion of Ukraine late February: the relatively humble coriander seed, or sabut dhaniya.

Although the volume as well as the value of coriander seed imports from Russia are not in the same league as petroleum, or even thermal coal, the upswing in its imports has been rather sharp. India’s official trade data shows that coriander seed imports from Russia surged by a staggering 1,313% year-on-year in the first eight months of the current fiscal year to a little over 23,000 tonnes. In value terms, the spice’s import from Russia shot up by 1,272% in April- November to $18,64 million from a relatively paltry $1.36 million in the corresponding period of last year.

While India’s total import volumes of coriander seeds in April-November jumped nearly 250% year-on-year to 26,143 tonnes, imports from Russia rose by a disproportionately higher rate. So much so, that Russia accounted for 88% of India’s coriander seed imports for the period under consideration.

Coriander seed imports had registered moderate year-on- year growth, and imports from Russia had actually fallen. Overall imports of the spice more than doubled year-on-year in April-November to $22,24 mil-
lion from $10,20 million. But Moscow’s share jumped to nearly 84% from around 13% in the year-ago period.The analysis is based on country-wise import data released by the Commerce Ministry for harmonised system code – or HS code-090921, which stands for ‘Seeds of coriander: neither crushed nor ground’. Country- wise and commodity-wise import data are released with a lag and the government has so far released this data only until November.

The Coriander seeds prices were recorded at $1,10 per kg FOB.

Import/Export Statistics

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