India Spices
All down; turmeric falls on anticipation of rise in supply
This story was originally published at 19:14 IST on 23 January 2025
Register to read our real-time news.Informist, Thursday, Jan. 23, 2025
By Taniva Singha Roy
MUMBAI – Futures contracts of all spices on the National Commodity and Derivative Exchange fell Thursday. Turmeric prices fell in anticipation of a rise in supply, while coriander prices were down due to muted export demand, according to analysts at SMC Global Securities.
At 1545 IST, the most-active April contract of TURMERIC was down 3% at INR 13,900 per 100 kg due to expectations of a bigger crop and the beginning of fresh arrivals, according to SMC Global. However, lingering concerns over damage to the crop in Maharashtra could support prices, the brokerage said. In the near term, turmeric futures are likely to trade in the range of INR 13,900-INR 14,800.
At 1545 IST, the most-active March contract of JEERA was down 1.2% at INR 22,350 per 100 kg due to heavy carry-over stocks, according to SMC Global Securities. However, concerns about lower output amid a fall in the sowing area and renewed demand in the domestic market could support prices, the brokerage said. In the near term, jeera futures are likely to trade in the range of INR 22,000-INR 23,000.
At 1346 IST, the most-active April contract of CORIANDER fell 2.2% to INR 8,438 per 100 kg due to subdued export and domestic demand, according to SMC Global Securities. However, shrinking arrivals and lower production estimates could support prices, the brokerage said. In the near term, coriander futures are likely to trade in the range of INR 8,300-INR 8,750.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Apr | NCDEX | 100 | 8,438 | (-)172 |
Jeera Mar | NCDEX | 100 | 22,350 | (-)275 |
Turmeric Apr | NCDEX | 100 | 13,900 | (-)400 |
End
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
