Fenugreek Market Analysis: Sluggish Sentiment Amid Ample Supplies and Weak Demand

The fenugreek market is currently witnessing a period of dull trade, with market participants noting persistent sluggishness as abundant stock levels and muted seasonal demand restrict buying activity. Despite expectations for improved export and domestic market engagement, actual trade volumes remain subdued. Key wholesale markets (mandis) are reporting stable price ranges with little upward traction, as fresh arrivals continue to meet or even outpace tepid demand.

New crop inflow from major producing states like Rajasthan and Gujarat is anticipated to start soon—an event that could exert additional downward pressure on prices if buyer interest does not rebound. Overall, the market consensus suggests a continuation of this range-bound trade, with little likelihood of significant price appreciation in the immediate term.

📈 Prices

Product	Purity/Type	Origin	Location	Organic	Price (EUR/kg)	Previous Price (EUR/kg)	Update Date
Fenugreek seeds		IN	New Delhi	Yes	1.19	1.18	2025-08-02
Fenugreek seeds	99%	IN	New Delhi	No	0.74	0.73	2025-08-02
Fenugreek seeds (powder)		IN	New Delhi	Yes	1.39	1.38	2025-08-02
Fenugreek seeds (FAQ, machine clean)		IN	New Delhi	No	0.72	0.71	2025-08-02
Fenugreek seeds		EG	Kairo	No	0.95	0.95	2025-08-02

• Major Indian mandis: $0.63–$0.64 per kg (average quality); $0.69–$0.73 per kg (high quality)
• Delhi: $0.69–$0.73 per kg (average), $0.77–$0.80 per kg (superior)
• Unjha: $0.77–$0.85 per kg (premium); $0.69 per kg (average)

🌍 Supply & Demand

• Stock levels remain ample across major centers, with no acute shortages reported.
• Domestic and export demand remains lackluster, diverging from seasonal trends.
• Spice processors and exporters are reportedly buying only hand-to-mouth quantities.
• Arrivals in Unjha have held steady, but fail to trigger stronger market activity.
• Fresh crop arrivals from Rajasthan and Gujarat expected soon, likely to initially suppress prices.

📊 Market Fundamentals

• Inventory: Comfortable supply position due to prior season bumper production.
• Speculation: Limited speculative activity; market remains fundamentally driven by physical trades.
• Market sentiment: Subdued; traders expect continued sideways movement absent major external triggers.

☁️ Weather Outlook

• Rajasthan & Gujarat: Weather in these top producing zones has been generally favorable. Near-normal monsoon patterns persist, supporting near-average to slightly above-average crop prospects. No major adverse weather events are forecast for the coming week.
• Should current rainfall and temperatures continued to trend normally, the quality and volume of new crop arrivals are expected to be good, potentially sustaining downward price pressure as supply remains robust.

🌏 Global Production & Stock Comparison

• India remains the world’s largest producer and exporter of fenugreek, with Egypt as a prominent secondary supplier. Indian crop quality and size heavily influences global prices.
• Major importing countries: Middle East, North Africa, Europe.
• Current Indian stock levels are sufficient for both domestic and export needs, minimizing import dependency.

📆 Trading Outlook & Recommendations

• Market likely to remain range-bound amid ample supplies and slow demand.
• Traders with inventories should sell on any minor rallies, as sustained uptrends seem unlikely until after new crop arrivals are absorbed by the market.
• Buyers should monitor new crop quality but can continue booking on-dips, especially for forward contracts, given low downside risks once demand revives seasonally.
• Exporters should remain cautious on new contracts, watching for improved overseas inquiries.
• No strong speculative activity expected; physical fundamentals dominate market direction.

🔮 3-Day Regional Price Forecast

Market	Current Price (USD/kg)	3-Day Forecast Range (USD/kg)	Sentiment
Delhi (avg)	0.69–0.73	0.68–0.73	Stable to Weak
Delhi (superior)	0.77–0.80	0.76–0.79	Stable
Unjha (avg)	0.69	0.68–0.70	Weak
Unjha (premium)	0.77–0.85	0.75–0.84	Range-bound