Unlikely to See Significant Price Drop in Coriander Despite Imports
03-Jul-2026 07:08 PM
New Delhi. Coriander trading has been impacted following the recent record surge in prices; however, despite the high rates, market arrivals are not increasing. This is because, with the exception of Madhya Pradesh, 80–85% of the total produce has already reached the markets in states like Gujarat and Rajasthan. In Madhya Pradesh, farmers still hold 30–35% of the stock, and it remains in strong hands—held by those waiting for prices to rise further. It is worth noting that iGrain India had previously informed its readers that 'Eagle' quality coriander prices could touch the ₹150 mark in the markets—a prediction that has materialized. Considering consumption and stock levels, market sentiment remains bullish; although prices may dip temporarily due to profit-booking and imports, a further rise is likely in the future, given that there are still 7–8 months remaining before the new crop arrives.
Imports
According to market sources, coriander imports from Russia via containers have commenced. However, due to the inferior quality, the quoted price is ₹130–135. Sources indicate that the imported stock will primarily be consumed in Uttar Pradesh or used for blending purposes. Trade estimates suggest that 100,000 to 150,000 bags of coriander could be imported via containers, a volume unlikely to have a significant impact on the market.
Declining Production
A decline in coriander production has been recorded in the country over the past two to three years. According to estimates, national coriander production stood at 16 million (1.60 crore) bags in 2023—a record high. Subsequently, it fell to 12 million (1.20 crore) bags in 2024 and 11 million (1.10 crore) bags in 2025, before dropping further to 9.5–9.7 million (95–97 lakh) bags in 2026. For the current season, production estimates for major producing states are 43–44 lakh bags for Madhya Pradesh, 38–40 lakh bags for Gujarat, and 12–13 lakh bags for Rajasthan.
Sowing
Industry sources indicate that current coriander prices are double those of last year. During the same period last year, the price for 'Eagle' quality coriander at production centers was ₹70–75 per kg, whereas it is currently quoted at ₹145–150 per kg. As producers are receiving fair prices this season, it is anticipated that there will be a significant increase in coriander sowing at production centers this year.
No Downturn
Traders state that a significant drop in current coriander prices is unlikely. This is because total availability remains low relative to consumption during the current season, creating the potential for prices to rise further in the coming days. Notably, the combined annual requirement for domestic consumption and exports is approximately 1.40–1.50 crore bags; however, total availability this season—comprising a production of 95–97 lakh bags and carry-over stocks of 20–25 lakh bags—will stand at 1.20–1.25 crore bags.
Exports
According to data released by the Spices Board, coriander exports during the 2025–26 year (April–March) totaled 60,211 tonnes, generating revenue of ₹679.70 crore. In contrast, exports during 2024–25 stood at 60,323 tonnes, with earnings of ₹633 crore. Reports indicate that coriander exports in April 2026 amounted to 4,540.23 tonnes—a 37% decline compared to April 2025—while export earnings recorded a 10% decrease. Export earnings stood at ₹63.55 crore in April 2026, whereas coriander worth ₹70.86 crore was exported in April 2025.