Coriander Market Update
Just a quick update on the going-ons of coriander seeds. February to May is usual farming season for most indian spices (some go year round, but many start appearing in the markets around this time). One of these such spices is the Coriander Seed.
Coriander prices have started to rise rapidly, due to the same unseasonal rains we’ve seen affecting other spices. This year also accompanied by hailstorms, a rarity in India. The crop damage is the key reason for price rises, but some buyers are still on the fence about buying. The hesitation is caused because the crop that’s been released onto the markets so far this season is still very poor. Market sentiment is that better crop, produced with the finer machinery and care, is still yet to arrive. As a result, buying pressure is restricted.
Arrivals of the crop on markets have remained steady, but the commodity has still been on an upward trajectory.
Coriander Seeds are one of those spices that are extremely hard to store – they need to be sold and processed quickly. Coriander is one of the plants commonly used in gardens as it’s known to attract insects and pests… keeping them away from the more precious plants grown. Unfortunately for users of the spice, this means that coriander has a much lower shelf life than other natural food products… unless irradiated.
So while there is expectation for better crops, buyers cannot wait forever – their existing “clean” stock must already be low.
Our market price for Coriander Seeds now:
20G (0.71 OZ) HKD 30
50G (1.8 OZ) HKD 46
200G (7.1 OZ) HKD 124
500G (17.6 OZ) HKD 186
1KG WHOLESALE PACK** HKD 272
25KG BULK CARTONS** HKD 2,264