The fenugreek (methi) market is entering a phase of sustained firmness, guided by a unique blend of tight supply and resilient demand both domestically and on the export front. Recent months saw a moderate downward correction in prices as new harvest arrivals began in India’s major growing regions; however, the overarching narrative remains one of scarcity-supported pricing and ongoing trade profitability. With carryover stocks at notably low levels—especially after previous weather-induced production concerns—market participants report that supply remains controlled even as arrivals from Rajasthan, Madhya Pradesh, and Gujarat trickle in.
This underlying tightness in stocks not only keeps downside risk in check but also feeds into the steady export demand, particularly from West Asia, the European Union, and South-East Asian buyers. Exports have seen a 25–30% year-on-year boost for 2024-25, further tightening fundamentals. While production in Rajasthan, India’s principal producer, is expected to hold stable or register a slight decrease, most traders believe prices will be well-supported unless arrivals surge dramatically. In short, the fenugreek market is poised for continued strong trade conditions in the coming months, offering attractive opportunities for both producers and exporters.
Exclusive Offers on CMBroker
Fenugreek seeds
FOB 1.09 €/kg
(from IN)
Fenugreek seeds
99%
FOB 0.69 €/kg
(from IN)
Fenugreek seeds
powder
FOB 1.25 €/kg
(from IN)
📈 Fenugreek Prices: Current Market Overview
| Origin | Type | Purity | Organic | Location | FOB Price (EUR/kg) | Previous Price | Change (%) | Latest Update | Sentiment |
|---|---|---|---|---|---|---|---|---|---|
| IN | Whole Seeds | – | Yes | New Delhi | 1.09 | 1.13 | -3.5% | 2026-02-21 | Stable/Firm |
| IN | Whole Seeds | 99% | No | New Delhi | 0.69 | 0.71 | -2.8% | 2026-02-21 | Stable/Firm |
| IN | Powder | – | Yes | New Delhi | 1.25 | 1.3 | -3.8% | 2026-02-21 | Stable/Firm |
| IN | FAQ, machine clean | – | No | New Delhi | 0.68 | 0.7 | -2.9% | 2026-02-21 | Stable/Firm |
| EG | Whole Seeds | – | No | Kairo | 1.00 | 1.00 | 0.0% | 2026-02-21 | Stable |
🌍 Supply & Demand Dynamics
- Stocks: Carryover stocks remain low, underpinning the market.
- Arrivals: New crop arrivals in major Indian mandis (markets) are steady, but not enough to create an oversupply situation.
- Exports: Export volumes for 2024–25 are up 25–30% YoY, mainly to West Asia, EU, and SE Asia.
- Domestic Demand: Remains steady and supports price stability.
- Production: Rajasthan output is stable to slightly lower; previous weather issues had caused some crop concerns.
📊 Market Fundamentals & Influencers
- Price Floor: Prices have corrected slightly from recent highs (now USD 80–82/quintal vs. 83–85), but strong demand and low stocks provide a floor.
- Speculative Interest: Traders expect downside risk to remain limited unless arrivals increase markedly.
- Export Demand: Robust exports help absorb local surpluses, tightening domestic availability.
⛅ Weather & Crop Outlook
- Key Region: Rajasthan, with additional supply from Madhya Pradesh & Gujarat.
- Weather: Past weather volatility caused some yield apprehensions, but current conditions support stable arrivals.
- Forecast: No significant weather threat looming for late arrivals, supporting current production estimates.
🌐 Global Production & Stock Snapshot
- India: Largest global producer and exporter, with stocks and exports driving world market structure.
- Egypt: Minor exporter, prices stable at EUR 1.00/kg FOB Kairo.
- Other Countries: Limited impact on global balance; Indian availability and pricing remain decisive.
🚦 Trading Outlook & Recommendations
- 🟢 Bulls: Benefit from continued firmness—hold positions or consider incremental sales on rallies.
- 🟠 Bears: Downside risk is limited unless arrivals rise sharply or demand deteriorates unexpectedly.
- 🔷 Exporters: Leverage strong international demand; maintain market presence in West Asia, EU, SE Asia.
- 🔷 Buyers: Cover needs promptly before any late-season price rebounds.
- ⭐ Watch: New crop arrivals in coming weeks—potential for minor price softening, but expect rebound if export flow remains robust.
📆 3-Day Price Forecast (Key Trading Hubs)
| Location | Product | Current Price (EUR/kg) | 3-Day Forecast (EUR/kg) | Sentiment |
|---|---|---|---|---|
| New Delhi (IN) | Whole Seeds, Organic | 1.09 | 1.08 – 1.10 | Stable/Firm |
| New Delhi (IN) | Whole Seeds, 99% | 0.69 | 0.68 – 0.70 | Stable/Firm |
| New Delhi (IN) | Fenugreek Powder, Organic | 1.25 | 1.24 – 1.27 | Stable/Firm |
| Kairo (EG) | Whole Seeds | 1.00 | 0.99 – 1.00 | Stable |
