India Spices
Coriander down on higher supply, jeera up on concerns over crop
This story was originally published at 18:23 IST on 4 April 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of coriander fell on the National Commodity and Derivatives Exchange on Friday, and those of jeera and turmeric were up. Coriander prices were down due to rise in supply because of the ongoing harvest and weak export demand. Jeera prices were up due to anticipation of crop loss because of weather anomalies, analysts at SMC Global Securities said in a note.
The most-active April contract of TURMERIC rose 1% to INR 15,202 per 100 kg due to a lower production outlook owing to adverse weather conditions and higher domestic as well as export demand amid lower domestic arrivals, SMC Global said. However, rise in arrivals due to an early harvest in Telangana could weigh on prices, the brokerage firm said.
The most-active April contract of JEERA rose 1.3% to INR 23,685 per 100 kg, owing to concerns over the crop amid higher demand due the wedding season. Moreover, exporters are buying aggressively due to a weak production outlook, analysts at SMC Global said. In the near term, jeera futures are likely to trade in the range of INR 21,800 to INR 22,700.
The most-active May contract of CORIANDER fell 0.1% to INR 8,000 per 100 kg due to rise in supply amid the ongoing harvest, 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 7,700 and INR 8,100.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander May | NCDEX | 100 | 8,000 | (-)10 |
Jeera May | NCDEX | 100 | 23,685 | 305 |
Turmeric May | NCDEX | 100 | 15,202 | 124 |
End
Edited by Ashish Shirke
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