The global fennel market has sparked back to life after a prolonged period of sluggish trading, buoyed by notable supply tightness and robust demand, both on the retail and export fronts. Throughout the past two years, overabundant stocks and weak end-user interest kept the market mired in a downward spiral. This season, however, a swift reversal has taken shape. The reluctance of farmers to offload stocks amid shrinking arrivals, especially in India’s leading Unjha mandi, has catalyzed firming prices across all quality segments.
With retail and export demand heating up, traders are now witnessing price points not seen in months. Weekly gains of $0.60–$1.20 per 20 kg across grade categories have set a bullish tone, likely to persist if arrivals remain capped. Early signs of export revival are adding another layer of strength.
Exclusive Offers on CMBroker
Fennel
whole
FOB 2.56 €/kg
(from IN)
Fennel seeds
grade - A
99%
FOB 1.17 €/kg
(from IN)
Fennel seeds
grade - A
98%
FOB 0.91 €/kg
(from IN)
📈 Prices: Current Market Snapshot
| Grade/Type | Market | Latest Price (USD/20kg) | Weekly Change (USD) | Sentiment |
|---|---|---|---|---|
| Superfine | Unjha, IN | $39.60–$40.80 | +0.60–1.20 | Firm |
| Best Quality | Unjha, IN | $39.00–$39.60 | +0.60–1.20 | Firm |
| Medium | Unjha, IN | $38.40–$39.00 | +0.60–1.20 | Firm |
| Average | Unjha, IN | $37.20–$38.40 | +0.60–1.20 | Steady-to-Firm |
| Lower Grade | Unjha, IN | $36.00–$37.20 | +0.60–1.20 | Steady-to-Firm |
| Product | Grade/Type | Purity | Organic | Location | Delivery (FOB) | Latest Price (EUR/kg) | Previous Price (EUR/kg) | Last Update |
|---|---|---|---|---|---|---|---|---|
| Fennel | Whole | – | Yes | New Delhi, IN | Yes | 2.56 | 2.54 | 2025-08-23 |
| Fennel seeds | Grade – A | 99% | No | New Delhi, IN | Yes | 1.17 | 1.15 | 2025-08-23 |
| Fennel seeds | Grade – A | 98% | No | New Delhi, IN | Yes | 0.91 | 0.89 | 2025-08-23 |
🌍 Supply & Demand Drivers
- Arrivals Down: Gujarat’s Unjha mandi, the key pricing hub, saw daily arrivals restricted to ~500 bags, well below prior months. This constraint is the main catalyst of current price firmness.
- Farmers’ Reluctance: Limited offloading by farmers, expecting further price appreciation, has restricted immediate liquidity in open markets.
- Retail & Export Demand: India’s robust domestic demand and nascent recovery in international buying are supporting higher price levels.
- Historical Comparison: Market performance has reversed from the oversupplied, demand-depressed environment of the previous two years.
📊 Fundamentals & Market Sentiment
- Price Recovery: Across all grades, prices advanced $0.60–$1.20/20 kg this week, the largest rise since last quarter.
- Stock Position: Shrinking inventories at key wholesale centers are keeping sellers in a position of strength.
- Speculative Positioning: Reports suggest traders have begun holding stocks, signaling anticipation of further gains.
☁️ Weather Outlook & Crop Impact
- Gujarat & Rajasthan (IN): Weather data from June and July show favorable conditions, with no significant rainfall or heat stress episodes recently. Crop health remains generally sound, ensuring quality but limiting quantity due to previous acreage decisions.
- Forecast Effect: Stable weather in key growing regions is expected for the next week, minimizing immediate weather-linked disruptions but not alleviating the tight supply scenario from earlier low sowing.
📦 Global Production & Inventory Perspective
- India: Maintains central supply role, but lower sowing last cycle and sluggish arrivals are limiting stocks.
- Importers (Middle East, EU): Tracking Indian market closely for further buying. No significant global inventory surpluses reported.
📆 3-Day Regional Price Forecast
- Unjha, India: $39.80–$41.00 per 20 kg (Superfine), sentiment bullish
- New Delhi FOB Export (Whole Organic): 2.58–2.65 EUR/kg
- New Delhi FOB Export (Grade-A, 99%): 1.18–1.22 EUR/kg
- No strong downside risks expected in the next 3 days as arrivals remain light and exporters are showing heightened interest.
💡 Trading Outlook & Recommendations
- Short-Term Buyers: Book requirements soon, as price firmness is likely over the next week; cover needs before potential further hikes.
- Producers/Farmers: Gradual offloading recommended to capitalize on potential further rallies and maintain bargaining power.
- Exporters: Time to resume forward sales or bookings, especially into the Middle East and EU, as buyer interest revives.
- Speculators: Holding light-to-moderate positions could be favorable as the tight supply scenario persists.
