Indian Coriander Prices Are In An Appreciative Mode The lower supply of coriander seeds in the market last week has moved the price up for the commodity

From the last week onwards the price of Coriander has been in a bullish mode. According to the experts, the market will remain firm and steady for the spice.

Current Scenario

The lower supply of coriander seeds in the market last week has moved the price up for the commodity.

Several factors have moved the market up for Coriander from the last week onwards. They are:

• The decrease in the overall production of the crop compared to last year.
• As per reports, the production is down to 307 441 MT this year compared to 342 435 MT of last year.
• Stockists and exporters are buying the new crops that are arriving in the market irrespective of the selling price.
• There is already a delay in the arrival of the new crop in the market by 15 to 20 days.
• The recent arrival of the product is slow and low compared to last year during this time.
• It has been reported only 500 bags of new crop are arriving on daily basis in Gondal, spot market of Gujarat.
• Gradually, the arrival of old crops in Gujarat decreases while there is a slight increase in the arrival of new crops.
• The old stock of the crop is less in Gujarat, so they depend on the crops’ arrival.
• Sporadic arrival of new crop has started in Madhya Pradesh and Rajasthan spot markets.
• The new crop is also high in moisture content by 12 to 15 per cent.

Buyers were earlier inactive due to the moisture content in the crop, but with the weather changing, the crop is drying well. The limited arrival of the harvest and overall low production has made the buyers active in the market.

Prediction

The trend of buying the commodity will continue, which will keep the market up. However, it is expected that the market can go a bit down with the arrival of new crops. Still, according to experts, it will be only for a few days as the local and international demand will continue to support the market for the commodity this year.

 Price Trend

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