India Spices
Turmeric up on rising demand, coriander on likely output fall
This story was originally published at 18:58 IST on 29 January 2025
Register to read our real-time news.Informist, Wednesday, Jan. 29, 2025
By Taniva Singha Roy
MUMBAI – Futures contracts of all spices rose on the National Commodity and Derivative Exchange Wednesday. Coriander prices rose as production is likely to fall, and turmeric prices rose on increased domestic buying, according to analysts at SMC Global Securities.
The most active April contract of TURMERIC was up 2.6% at INR 13,770 per 100 kg on increasing domestic demand in the wake of the commencement of Ramadan, according to SMC Global Securities. Lingering concerns over damage to the crop in Maharashtra is supporting prices, the brokerage said. However, it said anticipation of a rise in supplies could weigh on prices. In the near term, turmeric futures are likely to trade in the range of INR 13,200-INR 14,500 per 100 kg.
The most-active March contract of JEERA was up 0.5% at INR 21,810 per 100 kg on concerns about lower output amid a fall in sowing area and renewed demand in the domestic market, according to SMC Global Securities. However, heavy carry-over stocks may cap the rise in prices, it said. In the near term, jeera futures are likely to trade in the range of INR 21,600-INR 23,000 per 100 kg.
The most-active April contract of CORIANDER rose 1% to INR 8,302 per 100 kg due to falling arrivals and lower production estimates, SMC Global said. However, subdued export and domestic demand are likely to support prices in the long term, the broking firm added. In the near term, coriander futures are likely to trade in the range of INR 8,000-INR 8,550 per 100 kg.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Apr | NCDEX | 100 | 8,302 | 68 |
Jeera Mar | NCDEX | 100 | 21,810 | 120 |
Turmeric Apr | NCDEX | 100 | 13,770 | 348 |
End
Edited by Rajeev Pai
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:
