India Spices
Turmeric dn on profit sales, coriander dn as less buyers in mkt
This story was originally published at 16:30 IST on 9 April 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of all the spices fell on the National Commodity and Derivatives Exchange on Wednesday. Turmeric prices fell due to profit boking at higher levels, while coriander prices were down as there were limited buyers, according to analysts at SMC Global Securities.
At 1525 IST, the most-active April contract of TURMERIC fell 1.1% to INR 14,098 per 100 kg because of profit booking, according to SMC Global. Turmeric prices had risen for three days due to heavy buying by market stakeholders, lower crop estimates, and reduced carry-over stocks, the brokerage firm said. However, the long-term trend is expected to remain bullish, supported by supply-side factors, the brokerage added.
At 1526 IST, the most-active May contract of JEERA fell 1.3% to INR 24,370 per 100 kg due to profit booking, according to SMC Global. Prices were on the rise up until Monday as exporters were buying aggressively due to a weak production outlook, analysts at SMC Global said. Going ahead, prices are likely to rise owing to concerns over crop loss amid higher demand due to the wedding season, it said.
At 1527 IST, the most-active May contract of CORIANDER fell 1.4% to INR 7,840 per 100 kg due to rise in supply amid the ongoing harvest, according to SMC Global. However, a weak production outlook could support prices, SMC Global 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 | 7,840 | (-)120 |
Jeera May | NCDEX | 100 | 24,370 | (-)330 |
Turmeric May | NCDEX | 100 | 14,098 | (-)156 |
End
Edited by Nishant Maher
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