The Wholesale Price of Coriander in India Dropped by 58% MoM Due to Improved Yields

The wholesale price of coriander in India fell to INR 19/kg at the end of February. The price dropped by 58% MoM due to higher acreage forecasts of coriander in this year’s harvest season. Farmers and traders rushed to sell their old coriander stocks before the arrival of the new crop which started in March.
The wholesale price of coriander in India fell to INR 19/kg at the end of February. The price dropped by 58% MoM due to higher acreage forecasts of coriander in this year’s harvest. Farmers and traders rushed to sell their old coriander stocks before the arrival of the new crop which started in March. Indian farmers have switched to planting coriander due to favorable weather. Also higher acreage has led to improved prospects of coriander yields. One of the largest coriander-producing states in India, Rajashtan, recorded an increased area sown for coriander by 77.6% YoY to 222,792 hectares in 2023. Last year, low production and lower carry-over stocks led Indian coriander exports in January through November 2022 to decrease by 15% YoY to 29,365 mt. The new coriander crop is currently in the harvest season and is projected to decline the price in the coming terms. Thus also likely to attract buyers and boost Indian coriander exports in 2023.