India Spices
Turmeric, jeera down; coriander up on concerns about output
This story was originally published at 17:46 IST on 29 April 2025
Register to read our real-time news.Informist, Tuesday, Apr. 29, 2025
By Taniva Singha Roy
MUMBAI – Futures contracts of jeera and turmeric fell on the National Commodity and Derivatives Exchange, while those of coriander rose on Tuesday. Prices of jeera and turmeric fell on sluggish demand and lower prices in spot markets, while coriander rose on concerns about lower output, according to SMC Global Securities.
The most-active May contract of TURMERIC fell 2% to INR 13,746 per 100 kg due to higher arrivals in spot markets, sluggish demand, and lower spot market prices, according to SMC Global Securities. However, lower crop estimates and reduced carryover stocks could support prices, according to the brokerage. Higher exports could also support prices, the brokerage said. 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.
The most-active May contract of JEERA fell 1.5% to INR 21,990 per 100 kg due to sluggish demand from stockists and a decline in spot prices, according to SMC Global Securities. Lower export demand also led to a decline in prices, the brokerage said. However, farmers are holding stocks back in anticipation of prices rising, which could provide some support, 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 CORIANDER rose 0.9% to INR 7,480 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.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander May | NCDEX | 100 | 7,480 | 64 |
Jeera May | NCDEX | 100 | 21,990 | (-)325 |
Turmeric May | NCDEX | 100 | 13,746 | (-)258 |
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:
