Commodity Outlook – Coriander Seed

Sowing period: October to December
Harvesting period: March to May
Crop season: Rabi

Key growing regions:

  1. Madhya Pradesh – Neemuch, Mandsaur, Guna, Rajgarh, Shajapur
  2. Gujarat – Rajkot, Surendranagar, Gondal, Junagarh, Jamnagar
  3. Maharashtra – Mumbai, Nanded, Bhandara
  4. Rajasthan – Ramganj, Kota, Jhalawar, Baran, Bundi

Production trend and Stock position:

  • According to Agriwatch website, the final production estimate of Coriander seed for 2019-20 is estimated at 2,68,957 MT down by 19.32 percent compared to previous year’s estimate of 3,33,348 MT.
  • Arrivals for the month of June of Coriander seed have reduced in mandis compared to the last two months.

Note: Prices of Coriander seed are currently in a Backwardation where the physical market Spot prices are more than the expected Futures prices.

Market commentary: Price outlook

  • Coriander Seed prices in physical markets are expected to be bullish in the immediate / short term.
  • Coriander Seed prices are expected to trade on the upside from current levels of Rs. 7,300 – Rs. 7,500 per quintal to above Rs. 7,800 per quintal levels.

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