Coriander prices in India are remaining stable due to high stock levels and weak exports. Farmers in major growing states have completed planting for the season, with Gujarat increasing its cultivation slightly, while farmers in Madhya Pradesh and Rajasthan switched to other crops because of low prices. Despite these changes, coriander prices have not risen, and traders may have to wait longer for any increases.

Wholesale prices are steady, with the Badami variety priced at USD 1.04-1.06 per kg and the Eagle variety at USD 1.11-1.12 per kg. There was a minor price drop of USD 2.38 recently, but prices have since stabilized. In Rajasthan, supply remains consistent with substantial bag arrivals, and prices are between USD 0.77-0.82 per kg for regular coriander and USD 0.83-0.87 for Eagle coriander.

In Gujarat, coriander sowing has increased to 130.7 thousand hectares, but this is still below the three-year average. Overall production could be impacted if yields are low. Exports have significantly decreased this year, with India exporting only 34,365 tonnes from April to October, compared to 76,848 tonnes last year. This decline, combined with weak domestic sales, has created a surplus of 7-8 million bags, preventing price increases. Traders expect that if weather conditions are stable, production will meet demand, keeping prices from rising sharply.

(Source: CM Broker)