- Production likely to decline for third consecutive year in 2026
- Carryover stocks estimated lower at 20-25 lakh bags against 35-36 lakh bags last year
NCDEX dhaniya futures extended gains supported by tightening supply expectations and lower projected coriander output for the upcoming season. The June contract settled at INR 12,982/quintal, up 0.34% from the previous session after trading between INR 12,696-13,312/quintal. Meanwhile, the August contract closed at INR 13,326/quintal, higher by 0.45%, with the widening August-June spread reflecting expectations of tighter supplies in the coming months.
Lower crop estimates support sentiment
Trade participants expect coriander production to decline for a third consecutive year in 2026 due to reduced acreage and lower yields across key producing states. Industry estimates pegged output at 9.5-9.7 million bags compared with nearly 11 million bags in the previous year. Alongside lower production, carryover stocks are also estimated significantly lower at 20-25 lakh bags against 35-36 lakh bags a year ago, limiting market availability and supporting bullish sentiment in futures trade.
Spot demand remains subdued
Despite firm futures prices, physical market demand remained cautious as buyers restricted fresh purchases at higher levels. In Gondal mandi, dhaniya prices closed at INR 12,862/quintal, down 0.21% from the previous session. Kota market quoted Eagle quality at INR 12,000-12,500/quintal with arrivals reported at 800-1,000 bags. Market participants noted that stockists and bulk buyers remained selective amid elevated prices, although lower stock availability continued to provide underlying support to the market
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