Coriander Seed Oil
Corriandrum sativum L.
Harvest: July - August
The market is looking a little more complex at the moment. As we have seen, demand has been high all year, with oil supplies struggling to keep up, causing prices to remain firm. Despite this apparent demand there is known to be raw material seed reserves still available from 2014 but due to localised complexities this has not been distilled for oil.
The overall picture for 2015 is still a little early to fully assess. Positively the winter months have been kind and the wet spring is making the crops look particularly healthy for this time of year. Additional plantings last year should also help the supply situation as all the growing areas in Southern Russia, Ukraine and Crimea invested in new plantations.
On the negative side, the wet spring has restricted the use of herbicides and the net result could mean more weeds contaminating and influencing the harvest when it arrives in July / August. The full impact of this will not be seen for another couple of months. Additionally, we have seen a strong demand coming from the fresh seed market, especially from India. Demand is growing globally so it will be interesting to see whether the expected additional crops will compensate for the growing demand and bring some much needed stability to the oil market.
Today the market remains firm.
Market prices USD 130.00 /kilo