Commonly known as cilantro this product may be called Cilantro Oil or Green Coriander Oil.
The leaves are referred to as coriander leaves, fresh coriander, Chinese parsley, or cilantro.
The leaves have a very different taste from the seeds, which transpires into the oil profile. Many people find the smell of coriander herb oil very off-putting but still it is used in many flavourings.
The fresh leaves are an ingredient in many Indian foods (such as chutneys and salads); in Chinese and Thai dishes; in Mexican cooking, particularly in salsa and guacamole and as a garnish; and in salads in Russia.. Chopped coriander leaves are a garnish on Indian dishes such as dal.
The leaves for oil production are harvested before the plant starts to produce fruits (or seeds). This is usually late Spring. The oil itself has a limited shelf time so it’s not uncommon for buyers to pre-book their annual requirements ahead of the harvest as producers don’t wish to oversupply. As a result the market is always finely balanced as you rarely find an over-supply situation.
Uncertainty over inventory and delays in supply is a major concern among buyers due to the COVID-19 crisis.
There has been a downward trend in the production and export of coriander oil for the last two years. The numbers are significantly lower from the corresponding ones between 2015 and 2017. With a push towards sustainability, Russian distillers are not making the mistake of over production. Distillers are now working on reducing the price gap between origin and EU sellers. High price of seeds and significant oil production costs halted distillation at origin in 2019. Certain EU sellers have stock available, but most customers have covered their demand requirements until the summer. December 2019 recorded the lowest price. Since then, demand picked up in the first quarter, while stocks went down. This has resulted in a steady increase in price since January. The new batch of Russian crop will only be available after six months. Thus, the increase in price will continue for some time.
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