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.
This year Russia’s coriander seed essential oil yield is estimated to be lower than usual. The output varies from region to region; and this year too is no different. The crop has been harvested across all geographies; and Crimea and Krasnodar notching up significantly improved figures compared to last year. However, other regions like the Rostov, Volgograd, and Voronezh recorded perceivable decline. Though initial reports suggested raised prices by some distillers, there are some who are offering good rates for the product. Despite this, prices are showing signs of weakening compared to the figures of last year. The point to ponder is whether these low prices will sustain, and for how long? In addition, importers in the EU are giving domestic distillers a run for their money. With the competition heating up, once the current inventories are sold at source, prices will definitely escalate. In anticipation of a price hike, there is a beeline to book orders at the current cheaper rates.
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