The dry fruits are known as coriander seeds. Coriander is famous worldwide as a spice in many foods as well as beverages.
India is the largest producer but also a large importer to supplement their large domestic requirements. Over recent years the increased demand for seeds has meant less has been further processed into oil. The global seed prices have increased significantly in recent times ensuring the oil prices follow.
Coriander essential oil consists of compounds like Borneol, Cineole, Cymene, Dipentene, Linalool, Phellandrene, Pinene, Terpineol and Terpinolene, and these are all attributes that contribute to its place in the healthcare markets.
Some health benefits of coriander essential oil can be attributed to its properties as an analgesic, aphrodisiac, antispasmodic, carminative, depurative, deodorant, digestive, fungicidal, lipolytic, stimulant and stomachic substance.
The coriander oil market has continued to run on a positive note. Prices have come down marginally towards the end of the year and demand and supply followed a healthy ratio. However, production of oil has stopped from January. The availability of good quality coriander seeds is limited; the volumes available for distillation are woefully inadequate and prices of seed are on the rise. This is putting strain on distillers as the cost of production is exceeding the current market selling price. There is no production at the moment; producers are waiting for the new 2020 crop to come in before production resumes in August. If demand continues to be encouraging, and there is sufficient availability of raw material for distillation, it is expected that market prices will escalate and meet the requirements of the producers at source.
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