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.
As has been the trend, the demand from the spice industry drives the market for coriander seed oil. During harvest time, this demand surges and generally farmers quote higher prices. Due to the spice industry taking precedence, most producers have no choice but to wait for good quality seeds for distilling.
The new harvest season has begun but mixed reports are filtering in from Russia. The regions of Rostov, Volgograd, Samara, Belgorod, Kursk and Voronezh have been struggling to cope with drought during the late spring and summer months. As a result, market sentiments are also subdued with low expectations of crop returns. On the other hand, Crimea, Krasnodar and Stavropol have fared better. It is hoped that the bonus yield from these areas will balance out the dismal crop performance of the other regions. Some quantities of oil from previous batches are up for sale, but this seems to be of inferior quality. Also, some European importers, who are sitting on carryover stocks, are waiting for the new crop oil to hit the shelves before they adjust their rates and release their supplies.
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