Current Scenario
In Fenugreek, at the beginning of this week, the market remained bearish everywhere. Later the market remained stable everywhere. General subscriptions are low, and stockist demand is also low.
The arrival of fenugreek is average in the mandis. The arrival of fenugreek in the mandis of Rajasthan and the price remained at the level of the previous day.
Looking at the subscription in fenugreek, there is not much bullishness expected right now, but the prices are already at a lower level, so there is no hope of a decrease furthermore from these levels. Improvement will be seen in the market only when the demand increases.
Traders, as of now, prefer to do business only in a limited range till the market does not come out.
Fenugreek: No fear of recession
The monsoon season is about to start in the country. Even after this, due to sluggish buying, fenugreek seeds remained stable at the previous level of $0,83 per kg. Recently there was a recession in it. In view of the consumption season, the market sentiment has started to strengthen. Fenugreek seeds are not expected to slow down in the coming days.
Price Trend
Fenugreek Sortex
| Date | Price |
| May 25 – 31 | $ 0,84 per kg FOB |
| May 17 – 24 | $ 0,85 per kg FOB |
| May 10 – 16 | $ 0,86 per kg FOB |
| May 05 – 09 | $ 0,87 per kg FOB |
| May 2-4 | $ 0,88 per kg FOB |