India Spices
Coriander up on lower crop outlook; jeera, turmeric down
This story was originally published at 19:26 IST on 25 April 2025
Register to read our real-time news.Informist, Friday, Apr. 25, 2025
By Taniva Singha Roy
MUMBAI – Futures contracts of coriander rose on the National Commodity and Derivatives Exchange on Friday, while those of jeera and turmeric declined. Coriander prices rose due to concerns about lower production. On the other hand, jeera prices fell due to lower export and domestic demand and a fall in spot prices in Unjha and turmeric prices fell due to higher arrivals in spot markets, according to SMC Global Securities.
The most-active May contract of CORIANDER rose 0.5% to INR 7,424 per 100 kg due to concerns about lower production, according to SMC Global Securities. However, sluggish demand amid arrival pressure could weigh on prices, the brokerage said. In the near term, coriander futures are seen in the range of INR 7,200 and INR 7,670 per 100 kg.
The most-active May contract of JEERA fell 2.0% to INR 22,540 per 100 kg on lower export and domestic demand and a fall in spot prices in Unjha, according to SMC Global Securities. However, farmers are holding stocks back in anticipation of prices rising, which could provide some support to prices, the brokerage said. Active demand from millers could also support prices, the brokerage said. Concerns of crop losses in Gujarat and Rajasthan amid already lower sowing areas could also help prices firm up, it added.
The most-active May contract of TURMERIC fell 2.3% to INR 14,220 per 100 kg due to higher arrivals in spot markets, according to SMC Global Securities. However, lower crop estimates and reduced carryover stocks could support prices, according to the brokerage. India's turmeric exports rose 12% on-year to 11,770 tonnes in January and 16% to 152,000 tonnes in Apr-Jan, according to SMC Global Securities. Higher exports could also support prices, the brokerage said.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander May | NCDEX | 100 | 7,424 | 36 |
Jeera May | NCDEX | 100 | 22,540 | (-)465 |
Turmeric May | NCDEX | 100 | 14,220 | (-)328 |
End
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
