In India, fennel is mainly produced in the states of Gujarat, Rajasthan, Madhya Pradesh and Uttar Pradesh.
Devendra Bhai Patel (Firm Ishwarlal Madhavji & Sons and Chairman Federation of Indian Spices Stakeholders) informed that the new fennel crop has started in Unjha Mandi from the last week of April. Farmers in domestic markets have sold about 0,9 million bags till now. 30 to 32 percent of the crop is yet to come.
In all, from both the states, about 1,075 to 1,1 million bags have gone out of the hands of the farmers.
Export demand is weak:
Traders state export demand is less for fennel seeds. This season, the prices of fennel are coming down due to weak export demand compared to last year. Almost the same decline scenario is being observed in domestic producing and consuming mandis(markets). Old goods are being said to be negligible in stock; carry forward stock is only 80 thousand sacks.
Production
Production reports state that only about 0,2 million bags have been reported in Madhya Pradesh and Uttar Pradesh this year. Overall production of states like Rajasthan, Gujarat, UP, and MP would be 1,45 to 1,5 million bags.
Exporters will Keep an Eye on Egypt
Reports further suggest that traders will also observe Egypt’s production because sowing & production there is said to be less. If export demand comes out, the price can go up to $1,55 per kg FOB, but if there is no demand in the International market, the price can go down from $1,35 to $1,29.
Overall, traders believe the uptrend will depend on the export demand. Between January and December 2021, last year was 43 thousand MT, which was a record. So far this year, Fennel Export has not crossed half quantity of it.
The price of average export quality is being told as $1,37/1,38 per kg FOB.
The following reports may be of interest to you:
Related posts:
Fennel Seeds Sowing is less Compared to last year in India 
Steady to Weak Sentiment For Indian Spices in September Month A monthly Report on Indian Spices 
Spices Exports from India in 2020-21 compared to 2019-20 
August Month Got Good Hopes For Indian Spices Market overview 
Covid restrictions keep down garlic demand and prices 
India: Covid hurt cumin market 
Black pepper India: Export rise in 2021? Mix trend in chilli market