Commodity Outlook – Coriander Seed

Sowing period: October to December
Harvesting period: January to April
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:

  • Area sown until February 27, 2019 was 1,866 hectares down by 72.78 percent in Andhra Pradesh for this Rabi season compared to 1,080 hectares in the corresponding period last year.
  • There is an expectation of a decline in production of coriander seeds this year as harvest is nearing its final stages in most chief producing states of Madhya Pradesh, Rajasthan and Gujarat.
  • As per Agriwatch website, the crop in Gujarat is expected to be less this year due to insufficient rain which forced many farmers to shift to other lucrative crops.

Note: Prices of Coriander seed are currently in a Contango where the Futures prices are above the expected physical market Spot prices.

Market commentary: Price outlook

  • Overall expectations of Coriander Seed prices to go up in the immediate/short term period.
  • Market sentiments have been bullish in major markets like Kota, Gondal and Ramganj during this month.
  • Physical Spot market prices which were at levels of Rs. 6,800 to 7,000 per quintal at Kota are expected to cross the Rs. 7,300 per quintal mark.

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