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Global production of coriander is about 2.9 lakh MT to 3.35 lakh MT per years. India contributes around 80% of world coriander production and produces around 2.5-3.0 lakh MT annually, Other major producers are Morocco, Canada, Pakistan, Romania. Major importers are Indonesia, Singapore, Sri lanka, UAE and USA. Rajasthan (60%) is the major producer of coriander in India followed by Madhya Pradesh, Andhra Pradesh, Karnataka, Tamil nadu and Orissa. Annually 5-10% of total production from India is exported. Domestically major varieties are Badami, Eagle, Scooter, Double Parrot, Single Parrot, Super Green. Badami variety accounts to about 65 to 70% of total production.

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.

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.

1 Domestic Fundamentals 
2 World production 
3 International trading price 
4 Domestic and Export demand 
5 Carry forward stocks 
6 Sowing and Harvesting 
7 Climatic conditions

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