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Current Market Developments:

• Moderate buying sentiments kept Coriander seed prices weak in spot markets of Gujarat, Madhya Pradesh, and Rajasthan since last fortnight. Supplies in physical markets have remained at satisfactory levels against subdued demand from traders and stockiest. Bulk buyers and spice mills were buying coriander seed as per their requirements.

• Trade sources and farmers are expecting prices to remain steady in coming days as festive season is over. Prices might be pressurised further as higher acreage is expected in the current Rabi season as normal to excess rains have been witnessed in major Coriander growing states.
• As per the Ministry of Commerce data, Coriander exports from India has registered a decline of 18 percent during Apr-Aug 2022-23 at 14,056.66 tonnes as compared to 17,116.99 tonnes exported last year same period.
• Exports from India had declined mainly due to higher rates of Indian coriander as compared to the Russian and Bulgarian coriander in international markets. As per trade sources, the Indian coriander was quoted around $1500-1600 per tonnes as compared to Russian $825-950 per tonnes and Bulgarian at $1000-1050 per tonnes.
• However, the coriander imports during (Apr-Aug 2022) have increased significantly by 291 percent at 15,044.15 tonnes as compared to 3,845.21 tonnes corresponding period last year. Higher imports have resulted in more than sufficient availability in domestic markets.
• According to the Spice Board of India, Coriander production in 2021-22 was estimated to decline by 10.2 percent at 8.00 lakh tonnes as against 8.91 lakh tonnes in 2020-21 period. Production estimation declined mainly due to 4 percent decline in overall acreage.

Coriander (Dhania) Price Trend Vs Seasonality at Key Markets

Coriander (Dhania) Area, Production and Yield: India & Major States

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