The global fennel market is currently displaying a remarkable balance between supply and demand, marked by moderate price fluctuations but an underlying tone of stability. Average quality fennel prices hover between USD 44–49 per 20 kg (USD 2,200–2,450 per quintal), with premium grades achieving USD 52–55 per 20 kg (USD 2,600–2,750 per quintal). Wholesale prices across major Indian mandis like Gondal, Unjha, Rajkot, and Jamnagar remain comparable, reinforcing the market’s steadiness. Consistent arrivals—such as 1,500–1,800 bags daily in Unjha and 1,185 in Rajkot—have ensured no abrupt surges in price, even as stockiest release holdings and export demand underpins market sentiment. However, occasional oversupplies have led to minor corrections, especially in mid-range grades.
Traders and analysts anticipate that new-season arrivals may lead to some softening for lower and medium-quality fennel, while top-quality produce is set to remain firm, energized by export interest and stable domestic demand. Looking ahead, the outlook is one of cautious optimism: good quality fennel is expected to hold its value, and only fresh supply influxes could exert any noticeable pressure.
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📈 Prices
| Market/Grade | Price Range | Currency | Weekly Change | Market Sentiment |
|---|---|---|---|---|
| Average Quality (India) | USD 44–49 / 20 kg (USD 2,200–2,450 / quintal) |
USD | Stable | Neutral/Steady |
| Premium Quality (India) | USD 52–55 / 20 kg (USD 2,600–2,750 / quintal) |
USD | Stable | Firm |
| Unjha Top Quality | USD 74 / 20 kg (USD 3,700 / quintal) |
USD | +2% | Bullish (Top Quality) |
| Jamnagar Wholesale | USD 66–78 / 20 kg (USD 3,300–3,900 / quintal) |
USD | Stable | Firm |
| FOB New Delhi (Organic, Whole) | EUR 2.56 / kg | EUR | Stable | Steady |
| FOB New Delhi (Grade A, 99%, Conv.) | EUR 1.17 / kg | EUR | Stable | Neutral |
| FOB New Delhi (Grade A, 98%) | EUR 0.91 / kg | EUR | Stable | Neutral |
🌍 Supply & Demand
- Stockists are offloading holdings into the market, maintaining liquidity and preventing sharp increases.
- Consistent daily arrivals in Unjha (1,500–1,800 bags), Rajkot (1,185), Jamnagar (115) help absorb export and domestic demand smoothly.
- Export demand is providing a supportive floor for prices, especially for premium and organically certified fennel.
- Oversupply situations do arise periodically, most affecting medium and lower grades.
📊 Fundamentals
- Speculative Positioning: Most trading activity remains physical and spot; speculative inflow limited due to market stability.
- Inventories: Market warehouses are reportedly well-stocked; accelerated offloading by stockists continues.
- Export Flows: India remains the chief exporter, supplying to the Middle East, EU, and North America. Organic and premium quality exports are increasing.
- Market Comparison: Compared to the previous report, price levels for both average and premium qualities remain stable. No major supply shocks reported in the last quarter.
🌦 Weather Outlook & Crop Impact
- Short-Term Weather: Current conditions in Gujarat and Rajasthan remain favorable with moderate temperatures and no major rainfall disruptions reported.
- Crop Impact: The steady weather of recent weeks supports crop health and timely arrivals to markets; no indications of pest/disease outbreaks at this stage.
- Risk Factors: Any sudden monsoon deviation or prolonged heatwaves could stress crops and disrupt market equilibrium if realized in the next month.
🌐 Global Production & Stock Comparison
| Country | Export Share | 2023 Production (mt) | Stock Trend |
|---|---|---|---|
| India | >70% | ~630,000 | Adequate/Increased YoY |
| China | 12% | ~110,000 | Stable |
| Egypt | 7% | ~54,000 | Stable |
| Turkey | 3% | ~18,000 | Flat |
📆 Trading Outlook & Recommendations
- 📌 Buyers: Secure premium quality fennel now as supplies are stable and export demand is supportive. Monitor for new-season arrivals that could ease lower segment prices.
- 📌 Sellers/Stockists: Continue gradual offloading to take advantage of firm prices in the premium segment.
- 📌 Exporters: Favor certified organic and premium quality grades for best returns, especially in EU and Middle East markets.
- 📌 Short-Term Risks: Watch regional weather developments and early signs of new crop arrivals for any price volatility signals.
🔮 3-Day Regional Price Forecast (Key Mandis)
| Market | Expected Price Range (USD/20kg) | Direction |
|---|---|---|
| Unjha (Top quality) | 73–75 | Stable/Firm |
| Unjha (Medium) | 61–66 | Stable/Soft Bias |
| Gondal | 46–50 | Stable |
| Rajkot | 48–52 | Stable |
| Jamnagar | 66–75 | Stable |
