MUMBAI, 21 July 2025: It is said that the intelligence of a young man and the beauty of a young woman make them popular. If this is true, then it must also be believed that the honesty of a businessman makes him popular in the business world.
Along with this, it must also be believed that time and honesty play a big role in the fortune of a businessman. Talking about coriander, after trading in a limited range for almost the entire season, there has been a sudden surge in the price of coriander. Due to which the fortune of coriander traders has opened up even in the rainy season.
If we look at the statistics, on June 4, 2025, the price of coriander per quintal in NCDEX futures was INR 6930, which increased in one and a half months to INR 7680 per quintal on July 17, 2025.
The sudden demand for quality goods during the upcoming festivals and exporters is considered responsible for the buying. The arrivals of coriander in the spot markets were limited as the farmers were busy with the cultivation of Kharif crops.
It is reported that an average of 5000 sacks of daily arrivals were recorded in the market yards of Rajasthan in the last week. Currently, there is a big difference between the prices of old and new coriander. Market traders say that when the arrivals of old goods decrease, the price of good quality new coriander may further increase by INR 200 to 300 per quintal.
As estimated earlier, the production of coriander in India is five to 10 percent less than last year. According to reports from Ramganj and Baran Mardi in Hadouti region of Rajasthan, there is moderate rainfall in the monsoon this time, so the production of coriander in the Rabi season will also benefit. The production of coriander in the production year 2024-25 i.e. marketing year 2025-26 is expected to be around five lakh tonnes.
While the total supply may be 648,000 tonnes with the old stock taken into account. On the other hand, even if we consider exports as 50,000 tonnes and domestic consumption as five lakh tonnes, it is expected that around 100,000 tonnes of coriander will remain in stock for the next season.
When the prices rose in June-2025, investors got an opportunity to earn 12 to 14 percent interest in the cash & carry business due to the difference in the spot market and futures prices. However, in the second week of July-2025, the interest rate decreased as the prices fell.
At that time, brokers say that investors also got 9 to 10 percent interest per annum in the price difference between the two futures known as calendar spread. N. C. C. L certified warehouses currently have a stock of 4171 tons of coriander. NCDEX futures currently have an open interest of about 17000 tons, with an average daily trade of INR 10 to 15 crores. This stock is likely to be hedged by exporters or investors with calendar spread. Still, coriander prices are quoted slightly higher in export trades at Mundra port.
Which indicates that there is a demand for good quality coriander from exporters. In the year 2024-25, India earned foreign exchange of INR 633 crore through coriander exports. The government hopes to earn the same amount in the year 2025-26 as well.
Currently, farmers are engaged in Kharif cultivation. Although coriander is not a Kharif crop. If the rains are favourable and timely, the cultivation and production of coriander is expected to increase in the Rabi season. Which can determine the direction of the market going forward.
By Kalpesh Sheth is an commodities expert with years of experience.
