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.
2017 experienced the nadir of oil prices as a result of existing seed stocks and low demand. This prompted farmers and collectors to offload stocks at ridiculously rock-bottom prices. Given the hurdles of storing seed but not oil, there was excess supply. The sufficient oil stock carryover from 2017 may lead to a 30-40% reduction in growing area in 2018. Demand from the spice market seems to be bouncing back; therefore, expect seed prices to escalate and as a consequence the oil prices would rise too.
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