India Spices
All up; coriander prices up on fear of disruption in harvesting
This story was originally published at 18:39 IST on 13 March 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of all spices rose on the National Comodity and Derivatives Exchange Thursday. Coriander prices rose due to fear of disruption in ongoing harvesting, and jeera was up on fear of a fall in yield due to above-normal temperatures in major producing states, analysts at SMC Global Securities said.
The most active April contract of CORIANDER rose 0.3% to INR 7,820 per 100 kg due to a weak production outlook, and fear of disruption in ongoing harvesting activities in northern part of India mainly due to forecast of heavy rainfall in major producing states, according to SMC Global Securities. Total production of coriander is projected to decline 11% to 630,000 tonnes in 2025-26 (Apr-Mar). However, sluggish export enquiries and heavy carryover stocks could cap the gains, the brokerage said. In the near term, coriander futures are likely to trade between INR 8,000 and INR 8,300.
The most active April contract of JEERA was up 0.3% at INR 20,850 per 100 kg owing to a weaker production outlook because of above-normal temperatures in major producing states amid robust exports, Amit Gupta, an analyst at Kedia Advisory, said. Increased domestic demand due to Ramadan and the wedding season is also likely to support prices, he said. In the near term, jeera futures are likely to trade in the range of INR 20,500-INR 21,700.
The most active April contract of TURMERIC rose 2.5% to INR 11,682 per 100 kg due to anticipation of a rise in domestic as well as export demand, according to analysts at SMC Global Securities. However, surge in arrivals on early harvest in Telangana could weigh on prices, the brokerage firm said.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Apr | NCDEX | 100 | 7,820 | 20 |
Jeera Apr | NCDEX | 100 | 20,850 | 70 |
Turmeric Apr | NCDEX | 100 | 11,682 | 282 |
End
Edited by Deepshikha Bhardwaj
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