India Spices
Most down; coriander falls on sluggish export demand
This story was originally published at 20:36 IST on 4 March 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of coriander and turmeric fell on the National Commodity and Derivative Exchange Tuesday, while those of jeera rose. Turmeric prices fell due to limited buying amid adequate stocks in the market, while coriander prices fell due to sluggish export demand and heavy carryover stocks, according to analysts.
The most-active April contract of TURMERIC fell 0.9% to INR 12,180 per 100 kg due to a surge in arrivals on early harvesting in Telangana amid limited buying, according to Kedia Advisory. However, anticipation of an increase in demand in the domestic market with start of Ramadan and the ongoing wedding season could support prices, analaysts said.
The most-active April contract of CORIANDER was down 0.4% at INR 7,978 per 100 kg due to sluggish export enquiries and heavy carryover stocks, according to SMC Global. However, a weak production outlook could support prices, the brokerage said. Total production of coriander is projected to decline 11% to 630,000 tonnes in 2025-26 (Apr-Mar). In the near term, coriander futures are likely to trade between INR 8,000 and INR 8,300 per 100 kg.
The most-active April contract of JEERA was up 1.2% at INR 21,400 per 100 kg due to a weaker production outlook amid robust export, Amit Gupta, an analyst at Kedia Advisory, said. Increased domestic demand ahead of the wedding season and the start of Ramadan is also likely to support prices, he said. In the near term, jeera futures are likely to trade in the range of INR 20,800-INR 21,700 per 100 kg.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Apr | NCDEX | 100 | 7,978 | (-)32 |
Jeera Apr | NCDEX | 100 | 21,400 | 255 |
Turmeric Apr | NCDEX | 100 | 12,180 | (-)112 |
End
Edited by Tanima Banerjee
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