Coriander in Russia from June till date decreased by 110$ pmt. In the international market it is expected to go down by 25$ to 50$ pmt.
Due to fear of an overall lower trend in the international market, the demand for coriander did not appear as expected. Assumptions failed about not having supplies of coriander from Russia and Ukraine due to war. Instead of those huge quantities of old stock carried by Russia and Ukraine have been delivered in markets. Data analysts say that the new crop of coriander in Russia is 5 to 7 percent better compared to the previous year.
Russian Old Coriander was traded in June-July from $875 to 890 per ton, in July-August, Old Coriander was quoted from $835 to 875 per ton. The deals of new coriander started in the month of August, which is currently at $780 to 800 per ton.
Coriander crops of Bulgaria and Romania are being used by neighbouring countries of these two countries, therefore the price of these two countries are not considered in the international market.
Old and new coriander of Syria is currently available in the international market. Due to the production of green quality coriander in Syria, the price of coriander in Syria is higher than that of Russia. Russia Mostly offers brown coriander. The FOB price of Syria’s Green Coriander is currently running from $1450 to 1750 per tonne in the international market and the price of Brown Variety Coriander is $1135 to 1150 per tonne.
The Import of Russian coriander in India started in June-July. Due to the increase in the price of coriander in the international market, the process of cutting the deal has now started in the trade of coriander done by the importers of India.
Despite the ongoing war between Russia and Ukraine, due to the ease of movement of Agri products from all ports, now the supply of coriander from Russia to India is increasing. The shortage of coriander in India has been over.
The price of Indian coriander is currently in the range of $1550 to 1600 per tonne in the international market.
There is no possibility of any increase due to the huge stock left in coriander.
The coriander seeds prices were recorded at $1,55 per kg FOB