Current Scenario
Due to the good arrivals of fenugreek seeds in the markets of Madhya Pradesh, Rajasthan, Neemuch, Mandsaur, Shivpuri, and Katni line of Madhya Pradesh, there has been a decline of $0,07/0,09 per kg for the last one and a half months. According to the traders, domestic stock market prices are running between $0,68 to 0,71 per kg.
Crop Availability
Reports state that last year the sowing of fenugreek was more due to higher prices, but due to the back-to-back rain, the grains productivity is less in the pods. Therefore the yield is not fruitful as per the sowing area and expectations of farmers. Although production of two and a half million tonnes is being estimated against 0,15 million metric tonnes of last year, 35-40 thousand kg was carried forward stock from the previous year.
Future Trend
The short-term market seems more bearish if no demand arises, but technical fundamentals are stable and strong for fenugreek for the long term, also the domestic and export demand is expected to increase in the future.
Price Trend
Fenugreek Sortex
| Date | Price |
| May 17-23 | $0,85 per kg FOB |
| May 10 | $0,86 per kg FOB |
| May 5 | $0,87 per kg FOB |
| May 2 | $0,88 per kg FOB |
The following reports may be of interest to you:
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