Since coriander at par with Russian coriander is higher than the Indian price, new import trade has come to a standstill and importers who had bought Russian coriander are no longer required to sell imported coriander in India.
Demand for Ramadan
Until now, Iran’s coriander was exported to Pakistan and Gulf countries, but due to the low stock of in Iran, the demand for Ramadan has shifted to India. At this rate, the need for commodity from Uzbekistan and other countries is also continuously increasing. Since the market for coriander export starts in January, the recession of coriander is expected to stop at current levels.
Presently, five thousand bags of coriander are arriving daily in Saurashtra. The price of medium-quality is $0,18 per kg, and good-quality is $0,18 to $0,19 in domestic shops.
Production will increase
Production will increase, but with a low stock level, chances of further decline dominate as stock is comparatively low compared to last year.
Cultivation has increased in Gujarat, Rajasthan and Madhya Pradesh, but its production will depend on climatic conditions in the next two months. This will be important for the production of the commodity. Russian Coriander is likely to correct further due to the stoppage of import and new demand for Ramzan in January.
Veterans opine that looking at improved coriander production in Rajasthan, Madhya Pradesh and Gujarat, there are no chances of a significant boom in coriander.
The Coriander seeds prices were recorded at $1,10 per kg FOB.