INTRODUCTION

IT IS AN ANNUAL HERB AND SPICE CROP BELONGING TO THE FAMILY OF

APIACEAE (CARROT FAMILY).
IT IS SAID TO BE ORIGINATED FROM EASTERN EUROPE AND ASIA.
COMMERCIAL PARTS ARE LEAVES AND SEEDS.
REQUIRES GOOD EXPOSURE TO SUNLIGHT, LOAMY SOIL AND WELL DISTRIBUTED
MOISTURE.
SOWING PERIOD IS OCTOBER TO DECEMBER WITH A DURATION OF 90 DAYS AND
HARVESTING PERIOD IS JANUARY TO APRIL.
IT IS MAINLY FOUND IN SOUTHERN EUROPE, NORTH AFRICA AND SOUTH WEST
ASIA

VARIETIES
BADAMI
EAGLE
SCOTER
DOUBLE PARROT
SINGLE PARROT
SUPER GREEN

USES
MAJOR USES ARE FLAVORING AGENT, SEASONAL AGENT AND MEDICINAL
PURPOSES.
LEAVES: MAJOR INGREDIENT IN MANY INDIAN, CHINESE AND THAI CUISINES
SUCH AS SALADS, SALSA, DAL ETC.
SEEDS: USED FRO MAKING CORIANDER POWDER AN INGREDIENT IN INDIAN
CUISINES, BREWING BEERS AND FOR MEDICINAL PURPOSES.
ROOTS: USED MAJORLY IN THAI CUISINES SUCH AS SOUP AND CURRY PASTES.

VALUE CHAIN

QUICK FACTS
IN INDIA IT IS CULTIVATED AS A RABI CROP.
MAJOR BUYERS ARE SPICE PROCESSING AGENCIES.
MAJOR TRADING CENTERS ARE RAJASTHAN AND MADHYA PRADESH.
GLOBAL PRODUCTION RANGED FROM 3 LAKH TONNES TO 6 LAKH TONNES.
MAJOR PRODUCERS OF CORIANDER ARE INDIA, MOROCCO, CANADA, RUSSIA,
TURKEY, EGYPT ETC.
MIDDLE EAST AND SOUTH EAST ASIA, USA, GERMANY ARE THE MAJOR
IMPORTERS.

GENERAL CHARACTERISTICS
CORIANDER (CORIANDRUM SATIVUM), DHANIA IS AN ANNUAL SPICE CROP AND A MEMBER
OF THE UMBELLIFERAE, OR CARROT FAMILY. THE CORIANDER PLANT YIELDS BOTH THE
FRESH HERB AND SPICE SEED, WHICH ARE USED PRIMARILY FOR CULINARY PURPOSES.
THE FRESH GREEN HERB IS CALLED CILANTRO, OR CHINESE PARSLEY. IT IS USED IN
SOUTHEAST AND SOUTHERN ASIAN, CHINESE AND MEXICAN CUISINE, AND FOR
FLAVOURING SALADS AND SOUPS.
THE FRUITS (SEEDS) ARE WIDELY USED AS CONDIMENTS WITH OR WITHOUT ROASTING IN
THE PREPARATION OF CURRY POWDERS, SAUSAGES AND SEASONINGS. IT IS AN IMPORTANT
INGREDIENT IN THE MANUFACTURE OF FOOD FLAVOURINGS, IN BAKERY PRODUCTS, MEAT
PRODUCTS, SODA & SYRUPS, PUDDINGS, CANDY PRESERVES AND LIQUORS.
THE SPICE IS ALSO EMPLOYED FOR THE PREPARATION OF EITHER THE STEAM-DISTILLED
ESSENTIAL OIL OR THE SOLVENT-EXTRACTED OLEORESIN. BOTH PRODUCTS ARE USED IN
THE FLAVOURING AND AROMA INDUSTRIES.

GLOBAL SCENARIO
THE GLOBAL PRODUCTION OF CORIANDER SEED IS ESTIMATED TO BE AROUND 6
LAKH TONNES. HOWEVER, OFFICIAL ESTIMATES ARE RARELY AVAILABLE FOR
THIS CROP IN MOST PRODUCING COUNTRIES. ADDITIONALLY, CORIANDER IS
WIDELY GROWN IN HOME GARDENS ON A SMALL SCALE, WHICH IS NEVER
INCLUDED IN OFFICIAL STATISTICS.

GLOBAL CORIANDER
PRODUCERS
MAJOR GLOBAL
PRODUCERS
INDIA
MOROCCO
CANADA

ROMANIA

RUSSIA

UKRAINE.

OTHER PRODUCERS
Iran
Turkey
Israel
Egypt
China
US
Argentina
Mexico.

GLOBAL EXPORT AND IMPORT

SCENARIO
THE GLOBAL TRADE IN CORIANDER IS ESTIMATED TO BE AROUND
0.85 - 1 LAKH TONNES A YEAR.
THE MAJOR EXPORTERS ARE INDIA, TURKEY, EGYPT, ROMANIA,
MOROCCO, IRAN AND CHINA.
THE MAJOR IMPORTERS ARE MIDDLE EAST, SOUTH-EAST ASIA, USA,
UK, GERMANY ETC.

INDIAN SCENARIO
INDIA IS THE BIGGEST PRODUCER, CONSUMER AND EXPORTER OF CORIANDER IN THE WORLD WITH
AN ANNUAL PRODUCTION AVERAGING AROUND 3 LAKH TONNES. THE PRODUCTION FLUCTUATES
WIDELY BETWEEN YEARS AND HAS VARIED FROM BELOW 2 LAKH TONNES TO ABOVE 4 LAKH
TONNES IN THIS DECADE.
RAJASTHAN (54%) AND MADHYA PRADESH (17%) ARE THE TWO LARGEST PRODUCING STATES IN THE
COUNTRY CONTRIBUTING OVER TWO-THIRDS TO THE COUNTRY'S TOTAL PRODUCTION IN 2006-07.
THE OTHER PRODUCERS ARE GUJARAT (6.9%), ASSAM (6.6%), ANDHRA PRADESH (3.5%, KARNATAKA
(3.3%), ORISSA (3.2%) AND TAMIL NADU (2%).
OFFICIAL ESTIMATES OF AREA AND PRODUCTION ARE RELEASED BY THE SPICES BOARD, INDIA AND
THE LATEST ESTIMATES AVAILABLE PEG INDIA'S PRODUCTION IN 2006-07 AT 2.88 LAKH TONNES AND
AREA UNDER CULTIVATION AT 3.62 LAKH HECTARES. THE PRODUCTION FROM RAJASTHAN AND
MADHYA PRADESH ARE REPORTED AT 1.55 AND 0.50 LAKH TONNES RESPECTIVELY. RAJASTHAN'S
CORIANDER PRODUCTION IS ESTIMATED TO HAVE DIPPED SHARPLY TO AROUND 1.30 LAKH TONNES
IN 2007-08. HOWEVER, OUTPUT IS 2008-09 IS REPORTED TO BE NORMAL.

INDIAN SCENARIO
(CONT.)
CORIANDER FOR SEED CULTIVATION IS GROWN AS A RABI CROP WITH SOWING UNDERTAKEN
DURING OCTOBER - NOVEMBER AND NEW CROP ARRIVALS SEEN IN FEBRUARY - MARCH.
INDIA ANNUALLY EXPORTS AROUND 25,000 - 30,000 TONNES OF CORIANDER A YEAR. INDIA
EXPORTED 30,200 TONNES OF CORIANDER IN 2008 VALUED AT RS 204 CRORES IN 2008. THE
MAJOR BUYERS WERE MALAYSIA (7050 TONNES), UAE (5450 TONNES), PAKISTAN (3215 TONNES)
AND SAUDI ARABIA (2475 TONNES).
THE MAJOR DOMESTIC BUYERS OF CORIANDER SEED IN INDIA ARE SPICE PROCESSING
AGENCIES, WHICH CONSUME AROUND 50% OF THE PRODUCTION ARE MOSTLY LOCATED IN THE
SOUTHERN STATES OF INDIA AND DELHI. THE DEMAND FROM THIS SECTOR PEAKS DURING
APRIL TO JUNE, WHICH ALSO COINCIDES WITH THE PEAK ARRIVAL PERIOD.

MAJOR FACTORS INFLUENCING PRICES

*
*
*
*
*
*

WORLD PRODUCTION
INTERNATIONAL TRADING PRICE
DOMESTIC AND EXPORT DEMAND
CARRY FORWARD STOCKS
SOWING AND HARVESTING
CLIMATIC CONDITIONS

MARKET INFLUENCING
FACTORS
THE SUPPLY FLUCTUATES SHARPLY BETWEEN SEASON AND THIS LEADS TO HIGH PRICE VOLATILITY. THE SUPPLY IS
INFLUENCED BY ACREAGE UNDER THE CROP, WEATHER AND DISEASES.
WEATHER, ESPECIALLY ABSENCE OF FROST DURING FLOWERING AND PRESENCE OF SUNSHINE DURING SEEDING
STAGE PLAYS A MAJOR ROLE AS IT INFLUENCES THE YIELD AND APPEARANCE OF THE SEED. THE CROP IS HIGHLY
DISEASE-PRONE AND REQUIRES REGULAR CARE AND MONITORING.
THE PRICES HAVE BEEN DISPLAYING ONLY MODERATE SEASONAL BEHAVIOUR IN RECENT YEARS WITH PRICES
SLIGHTLY DIPPING DURING THE PEAK ARRIVAL MONTHS - MARCH TO JUNE. THE STRONG DEMAND FROM DOMESTIC
SPICE PROCESSORS AND EXPORT MARKET HAS PREVENTED PRICES FROM CRASHING EVEN DURING THE PEAK
ARRIVALS.
THE SEEDS CAN BE STORED FOR ONLY AROUND SIX-EIGHT MONTHS IN NORMAL TEMPERATURE AND THIS
INFLUENCES AVAILABILITY AND PRICES DURING THE LOW AVAILABILITY MONTHS - OCTOBER TO JANUARY.
EXPORT DEMAND IS ANOTHER IMPORTANT PRICE INFLUENCING FACTOR AS INDIA'S SURPLUS PRODUCTION IS VERY
LIMITED. THE EXPORTS FROM INDIA HAVE BEEN PICKING UP IN RECENT YEARS ON ACCOUNT OF THE INCREASED
PRESENCE OF INDIANS ABROAD AND RISING PREFERENCE FOR SPICY FOODS IN DEVELOPED NATIONS.

STRUCTURE OF EXPORT OF SPICES OF INDIA BY

COUNTRIES, 2007-2008

STRUCTURE OF EXPORT OF SPICES OF INDIA BY KINDS,

2007-2008.

CORIANDER FUTURES
CORIANDER FUTURES CONTRACT WAS LAUNCHED ON AUGUST 2008. THE SUPPLY
FLUCTUATION DUE TO UNDERLYING FUNDAMENTAL FACTORS LEADS TO HIGH PRICE
VOLATILITY. INADEQUATE STORAGE PERIOD (6-8 MONTHS) EFFECTS AVAILABILITY AND
THUS THE PRICES DURING LOW AVAILABILITY MONTHS, SUCH SUPPLY FLUCTUATIONS
PROVIDE OPPORTUNITY TO A SPECULATOR. FOR HEDGERS IT MINIMIZES PRICE RISK. DUE
TO GOOD AVAILABILITY IN PHYSICAL MARKETS ARBITRAGERS CAN MAKE USE OF THE
FUTURES PLATFORM TO MAKE RISKLESS PROFITS. THUS THE CORIANDER CONTRACT
PROVIDES SPACE FOR EVERY INVESTOR CATEGORY.

TECHNICALS

CORIANDER HISTORICAL PRICES

JANUARY 2015 CONTRACT

APRIL 2015 CONTACT

MAY 2015 CONTRACT

FUTURE PROSPECTS
INDIA IS THE LEADING EXPORTER AND EXPORTS AROUND 25000-30000 MT OF CORIANDER
EACH YEAR. THE EXPORT DEMAND HAS BEEN INCREASING CONSTANTLY BOTH IN TERMS
OF QUANTITY AND VALUE. THE MAJOR DOMESTIC BUYERS OF CORIANDER SEED IN INDIA
ARE SPICE PROCESSING AGENCIES, WHICH CONSUME AROUND 50% OF THE PRODUCTION
AND ARE MOSTLY LOCATED IN THE SOUTHERN STATES OF INDIA AND DELHI. AS THE
MASALA MAKING BUSINESS IS GROWING EXPONENTIALLY, THE DEMAND FROM THIS
SECTOR IS EXPECTED TO INCREASE IN FUTURE.

REFERENCES
HTTP://WWW.NCDEX.COM/GLOBALSEARCH/SEARCH.ASPX?SEARCHTEXT=DHA
NIYA&SEARCHTITLE=CORIANDER
HTTP://WWW.EXPORT.BY/EN/?ACT=S_DOCS&MODE=VIEW&ID=9637&TYPE=
BY_COUNT..
WWW.INDIANSPICES.COM
WWW.RAJAMB.COM
WWW.AGMARKET.NIC.IN
WWW.IMD.ERNET.IN