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.
A good crop can ease the pressure on price, though farmers may be reluctant to lower the price, as crop sustainability is the responsibility of the entire supply chain. The political situation is gradually improving too. The build-up of Russian troops on the Ukraine border has eased, preventing any unforeseen supply disruptions. Currently, good quality seeds at a sustainable price for distilling are available in limited quantities. As stocks go down importers in the UK and EU are meeting customer demand. This has led to a price rise.
The new coriander crop is expected late July to mid-August, and the oil will be available only post mid-September, after which one can expect a fall in price. It is advisable to stock product to meet demand till December. Market conditions will take a few months to settle post the crop harvest.
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