Due to reduced exports and lower local trade activity, the coriander market has seen limited business in recent times. Although coriander production in the current season is lower compared to last year, prices have not seen a significant rise. This is mainly due to good stock levels from the previous season and subdued export demand. However, market sources believe that prices may recover in the second half of the current month as arrivals in mandis (agriculture markets) have started to decline. Additionally, there are expectations of improved export and local demand in the coming days. It is noteworthy that major coriander-producing states�Gujarat, Rajasthan, and Madhya Pradesh�have produced around 10 million bags (1 crore) of coriander this year, compared to 11 million bags last year. In 2023, the production was around 15 million bags. Arrivals According to informed sources, around 70-75% of the total production has already arrived in the mandis, leading to a noticeable drop in arrivals now. Currently, the daily arrivals in Gujarat�s Gondal mandi are around 4,000�5,000 bags, while Rajkot and Junagadh are seeing 500�700 bags. In Madhya Pradesh, arrivals in Guna are at 1,500�2,000 bags, and Kumbhraj is receiving 1,000�1,200 bags. Ashoknagar and Neemuch are seeing 500�600 bags each. In Rajasthan, Ramganj mandi is receiving 2,000�2,500 bags, and Kota has 500�600 bags. Production estimates for the current season are: Gujarat: 4.0�4.2 million bags Madhya Pradesh: 4.5�4.8 million bags Rajasthan: 1.4�1.5 million bags Market Trends Due to weak demand in both the spot and export markets, coriander prices remained under pressure this week in both futures and spot markets. Spot market prices dropped by ₹50�₹100 per quintal. In the futures market, July contracts declined from ₹7,220 to ₹7,168, and August contracts fell from ₹7,260 to ₹7,236. In spot markets: Eagle variety coriander is being quoted at ₹6,700�₹6,900 per quintal Badami variety at ₹6,000�₹6,500 per quintal However, sources do not expect a major decline in prices from current levels. With demand expected to emerge soon, prices may rise by ₹8�₹10 per kg during July�August. Limited Availability Reports suggest that coriander availability this season is lower compared to consumption needs. It is estimated that production is around 10 million bags, with leftover stock of 3.5�4 million bags. Meanwhile, total demand (including export and local consumption) is around 15�16 million bags. Given the back-to-back decline in production, stock levels are expected to be minimal going into the next season. Export Decline There has been a sharp fall in coriander exports in the current financial year 2024�25. According to data from the Spices Board of India: Coriander exports (April�March 2024�25): 60,324 tons Previous year (April�March 2023�24): 108,624 tons