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.
Russia is the only country producing the high yielding variety of coriander utilised for producing essential oil. The qualities produced in Ukraine, Moldova, Bulgaria, Romania, Hungary, Poland, and Turkey produce lower essential oil yields. The volumes produced are also limited, unable to meet the demand-supply dynamics.
Many F&F companies and essential oil sellers are unwilling to buy products from Russia. Starting Jan 8, 2023, the import of all Russian essential oils is prohibited in the European Union. Unless a contract has been signed and registered prior to Oct 7, 2022, all imports of Russian products are banned in the EU. The UK is still allowing the import of Russian essentials, but with a 35% import duty payable on clearance.
It is possible that coriander seeds are exported to Russian neighbouring countries like Moldova and Bulgaria, and the oil is distilled locally, ultimately making its way to the EU markets. The new crop has stabilised the cost of seeds helping reduce the export price of coriander oil from Russian distilleries.
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