India's fastest growing agritech startup | agrimarketplace

Current Market Developments:

• Overall, in domestic markets Coriander prices have remained weak tracking subdued demand against steady supplies since last couple of weeks.

• Trade sources are not expecting any significant upward movement in prices. Daily total supplies of around 7-8 thousand bags are arriving in Rajasthan. Similarly, in Madhya Pradesh also daily 12-15 thousand bags have been arriving and good supplies are reported from Guna, Neemuch and Mandsaur markets. However, this year big farmers are still holding large quantities of stocks with them.
• Trade sources are estimating around 75-80 lakh bags of coriander stock currently available out of which around 20 lakh bags would be utilized in next two months. Since the current season acreage is likely to decline trade sources are estimating the total new season crop both in Rajasthan and Madhya Pradesh to be around 70-75 lakh bags.
• The current season acreage is likely to decline in major Rajasthan and Madhya Pradesh due to unfavourable climatic conditions. According to the Department of Agriculture Rajasthan the current coriander acreage has declined by 10.5 percent at 48,675 hectares as compared to 54,410 hectares last year same period.
• At the export front, India has registered a significant increase in exports during the April-October 2023 at 70125.30 tonnes as against 18858.64 tonnes in Apr-Oct 2022. Currently, in the international market Indian coriander is quoted around 950-970 dollars per tonnes. In the last one month 70-75 containers of coriander are exported to various Gulf countries (Saudi Arabia, UAE) and China.

CORIANDER FAQ (DHANIA) PRICE TREND VS SEASONALITY

CORIANDER SEED EXPORTS: MAJOR COUNTRIES

DOMESTIC AREA AND PRODUCTION TREND

Disclaimer:
This report is prepared by “agribazaar”. Information and opinions in this report have been taken from publicly available data and from sources believed to be reliable. Neither the report nor any part of the report shall be replicated without the written consent. agribazaar does not make any representations or warranties in relation to the accuracy, completeness and correctness of data or information contained in this report. Use of the data, information or opinions contained in this report is at the sole risk of the recipient of this report, and any such data, information or opinion should be independently verified. agribazaar, its affiliates, their officers, directors, and employees shall not be responsible for any loss or damage that may arise to any person from any error in the data, information or opinion contained in this report.
“agribazaar” 2023.