Your eyes and hands in India · Est. 2019 · Replies within one working day

When is the best time of year to book agri contracts in India?

For most seed spices the most informed time to book is around peak new-crop arrivals, roughly March to April, when the crop's size and quality are clear. No timing guarantees a lower price.

· 3 min read · Creston & Co

For most Indian seed spices, the most informed time to book is around peak new-crop arrivals, which usually falls roughly March to April. By then the harvest is in, the market can see how big and how good the crop is, and processors can offer firm prices backed by real stock.

That does not guarantee the lowest price. Markets can fall later in the year, or rise sharply. The aim is to book with good information, not to time the bottom.

Why arrival season gives you the clearest picture

Before harvest, prices are driven by expectations: sowing area, weather and crop estimates. These can be wrong. Once arrivals peak at markets such as Unjha, Rajkot and Gondal, the real supply is visible. Processors buy most of their raw material in this period, so they can tell you what they paid and what they hold.

Booking then also helps on quality. You can sample fresh crop, test it, and fix the spec against material that actually exists. See our harvest calendar for Indian spices for the approximate windows by product.

Processors are also busiest in this period. If you place an order late in the season, you may find the best lots already committed to buyers who booked earlier. Starting talks a few weeks before arrivals peak gives you time to sample, test and agree terms.

Timing differs by product

  • Cumin, fennel, coriander, fenugreek and psyllium: winter crops, with arrivals usually peaking around March to April.
  • Chilli and turmeric: harvested roughly January to April, so arrivals build in the same broad period.
  • Black pepper: harvested roughly December to February.
  • Groundnut and kharif sesame: harvested roughly September to November.
  • Dehydrated onion and garlic: these depend on fresh crop supply. Garlic is harvested roughly February to April, and the stored rabi onion crop roughly March to May. Ask your processor when they plan their main runs.

When booking early or late makes sense

There are good reasons to move away from the arrival window.

  • Book earlier if you need guaranteed volume, your product has few qualified processors, or the market expects a short crop.
  • Book later, or in parts, if the crop looks large and prices may soften as stock builds.
  • Split your volume: fix part of your annual need at harvest and leave the rest open for later in the year.
  • Before a new crop, avoid long contracts on old-crop stock unless you have tested it.

What to agree when you book

The timing matters less than what you write down. A booked price is only useful if the contract is clear. Our article on forward or seasonal price booking explains how these contracts usually work.

  • Crop year, origin and the written spec, including moisture, purity and residue limits.
  • Total quantity, and the number and timing of shipments.
  • Price basis, Incoterm and how long the price holds.
  • Advance, if any, and how it is secured.
  • Pre-shipment testing and inspection, and what happens if a lot fails.
  • What happens if either side cannot perform, for example after a government export restriction.

Where we come in

We watch arrivals for our buyers' products, sample and test new crop early, and help you decide what share of your need to book and when. To plan your next season, ask for a free sourcing review.

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What is forward or seasonal price booking?

Forward or seasonal booking means fixing price, quantity and spec now for shipments later in the year, usually around harvest. It gives you certainty, but only if the contract is clear.

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