India Spices
Mixed; turmeric up on lower crop outlook, jeera down
This story was originally published at 16:24 IST on 1 April 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of turmeric rose, while those of jeera fell on National Commodity and Derivatives Exchange Tuesday. Prices of coriander were steady. Turmeric prices rose due to lower crop outlook, jeera prices fell due to profit booking at higher level after continuous rally seen during the recent past, analysts said.
At 1536 IST, the most-active April contract of JEERA fell 1.4% to INR 22,200 per 100 kg due to profit booking at higher level after continuous rally seen in the recent past, according to SMC Global Securities. Subdued domestic demand also weighed on prices, according to the brokerage. However, higher export demand could support prices, according to the brokerage.
At 1538 IST, the most-active April contract of TURMERIC rose 6% to INR 14,074 per 100 kg, due to lower production outlook owing to adverse weather conditions and also due to higher domestic as well as export demand amid reduced arrivals, SMC Global Securities said. However, a surge in arrivals due to an early harvest in Telangana could weigh on prices, the brokerage firm noted.
At 1540 IST, the most-active April contract of CORIANDER was steady at INR 7,820 per 100 kg. But prices could rise due to seasonal demand and wedding season, according to analysts at SMC Global Securities. A weak production outlook could also 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 7,800 and INR 8,200.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Apr | NCDEX | 100 | 7,820 | 4 |
Jeera Apr | NCDEX | 100 | 22,200 | (-)310 |
Turmeric Apr | NCDEX | 100 | 14,074 | 796 |
End
Edited by Nishant Maher
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