Fenugreek Market Surges on Strong Export Growth and Firm Global Demand

This season, the global Fenugreek market is experiencing a marked upswing, fueled by robust export volumes and a rebound in international demand. Indian fenugreek exports in the financial year 2024–25 soared by 44%, reaching 44,515.97 tonnes, a decisive leap from the prior year’s 30,854.92 tonnes. Export value climbed by 37%, totaling approximately $4.39 million USD — reflecting both improved realization and higher volumes. This unprecedented growth has taken place amidst a broader uptick for Indian spice exports, which expanded by 17% in volume and 8% in value. The market’s vitality is backed by upbeat sentiment from traders and exporters, keen to capitalize on improved shipments, despite modest price movements. Fenugreek prices are currently stable at leading trade hubs, while favorable agro-climatic conditions preside over the major sowing belts. As global competition intensifies, especially from Egypt, the Indian market’s leadership is buoyed by consistent quality and diversified product offerings, including both organic and machine-cleaned fenugreek. Yet, market risks persist around speculative demand, stock levels, and short-term weather convexities. The coming months promise another dynamic trading phase, with buyers and sellers watching for signals from weather updates and forward export bookings.

📈 Prices: Spot & Export Markets

Product	Origin	Type / Purity	Location	Organic	Price (USD/kg, FOB)	Previous Price	Update Date	Market Sentiment
Fenugreek seeds	IN	–	New Delhi	Yes	1.21	1.21	2025-06-06	Steady/Firm
Fenugreek seeds (FAQ, machine clean)	IN	FAQ, machine clean	New Delhi	No	0.73	0.73	2025-06-06	Steady
Fenugreek seeds	IN	99% purity	New Delhi	No	0.74	0.74	2025-06-06	Stable
Fenugreek seeds (powder)	IN	Powder	New Delhi	Yes	1.40	1.40	2025-06-06	Firm/Active
Fenugreek seeds	EG	–	Kairo	No	0.87	0.87	2025-06-06	Stable

🌍 Supply & Demand

• Indian exports rose by 44% in volume and 37% in value for 2024–25, reinforcing India’s dominant position.
• Egyptian prices remain competitive but slightly higher than India’s non-organic FAQ offerings.
• Indian spice exports overall reflect strong growth (17% by quantity, 8% by value), confirming broad-based market demand.
• Major growth in sibling spices (dry ginger +119%, fennel +94%), highlighting robust buying activity across Asia and Middle East.
• Steady to firm sentiment in Indian trade circles, supported by healthy forward bookings and sustained overseas inquiries.

📊 Fundamentals & Market Drivers

• Latest data from the Spices Board of India confirms record shipment volumes and value for fenugreek.
• General uptick in Indian spice exports magnifies positive market sentiment.
• Healthy stock levels noted at Indian origin, with major exporters reporting sufficient inventory coverage for summer contracts.
• Demand for organic and powdered fenugreek has surged in export destinations — especially the Middle East, North Africa, and the EU.
• No major price shocks; Indian offers remain globally competitive.
• Competition from Egypt and new plantings in Sudan being closely watched but not yet moving prices.

🌦️ Weather Outlook & Impact

• As of early June, weather in Rajasthan and Madhya Pradesh (key fenugreek regions) is favorable with no major heatwaves or droughts reported.
• IMD forecast suggests normal to above-normal monsoon for 2025, expected to support yield potential and timely sowing.
• Short-term weather risks: local showers could delay harvesting in marginal areas, but most crop stands are robust.

🌏 Global Production & Inventory

Country	Est. Production (2024–25, tonnes)	Share (%)	Status
India	~150,000	67%	Largest global producer and exporter
Egypt	~25,000	11%	Competitive exporter
Sudan	~10,000	4.5%	Emerging supplier
Other (Turkey, Ethiopia)	~40,000	17.5%	Regional trade, domestic use

📆 Trading Outlook & Recommendations

• Exporters: Forward coverage recommended given robust overseas demand and stable current prices.
• Importers: Lock buying as Indian offers are holding firm, with risk of upward movement on any negative weather report.
• Speculators: Market steady; watch for monsoon progress and movement in sibling spice prices for volatility cues.
• End-users: Consider booking part requirements for Q3-Q4 to hedge against possible price firming.

📉 3-Day Regional Price Forecast

Market	Current Price (USD/kg, FOB)	Forecast (Next 3 Days)
New Delhi (Organic)	1.21	1.21 (Stable)
New Delhi (Machine Clean)	0.73	0.73 (Stable)
New Delhi (99%)	0.74	0.74 (Stable)
Kairo (EG)	0.87	0.87 (Stable)