More Stories

Informist, Monday, Feb. 10, 2025

By Taniva Singha Roy

MUMBAI – Futures contracts of all the spices fell on the National Commodity and Derivatives Exchange on Monday. Coriander prices declined on weak export demand while turmeric prices fell due to anticipation of increased supply, according to analysts at SMC Global Securities.

The most-active April contract of TURMERIC fell by 1.8% to INR 13,250 per 100 kg, because of forecasts of a larger crop and higher supply, SMC Global said. However, concerns over potential damage to crops in Maharashtra could provide support to prices, the brokerage noted. In the near term, turmeric futures are expected to range between INR 13,000 and INR 14,000.

The most-active April contract for CORIANDER fell 0.8% to INR 8,176 per 100 kg because of sufficient stocks amid subdued export and domestic demand, according to SMC Global Securities. However, the brokerage said that reduced arrivals and lower production estimates could provide support to prices. In the near term, coriander futures are likely to trade between INR 8,000 and INR 8,400.

The most-active March contract for JEERA fell 0.8% to INR 20,150 per 100 kg, due to favourable crop conditions, heavy carryover stocks, and increased supply in the domestic market, as per SMC Global Securities. However, concerns over lower output due to fall in sowing area, and renewed domestic demand, could support prices, the brokerage added.

End

Edited by Subhojit Sarkar

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.