India Spices
Jeera, coriander down; turmeric up on falling arrivals
This story was originally published at 19:00 IST on 7 May 2025
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By Taniva Singha Roy
MUMBAI – Futures contracts of coriander and jeera fell on the National Commodity and Derivatives Exchange on Wednesday, while those of turmeric rose. Turmeric prices rose due to falling arrivals in spot markets. On the other hand, jeera and coriander prices fell on account of weak demand, according to analysts at SMC Global Securities.
The most-active June contract of TURMERIC rose 0.7% to INR 14,030 per 100 kilograms due to falling arrivals in Maharashtra. Lower crop estimates, reduced carryover stocks, and higher exports could support prices of the spice, SMC Global said. According to the brokerage, India's turmeric exports rose 16% to 152,000 tonnes in Apr-Jan.
The most-active June contract of JEERA fell 0.3% to INR 21,700 per 100 kg due to sluggish demand from stockists and a fall in spot prices, SMC Global said. Lower export demand added to the decline, the brokerage said. However, farmers are holding stocks back in anticipation of prices rising, which could provide some support, SMC Global 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 June contract of CORIANDER fell 1.8% to INR 7,336 per 100 kg due to poor export demand and sluggish domestic demand amid arrival pressure, according to SMC Global, adding that concerns about lower production could support prices. In the near term, coriander futures are seen in the range of INR 7,400 and INR 7,800 per 100 kg.
Contract | Exchange | Unit (kg) | Price (INR) | Change (INR) |
Coriander Jun | NCDEX | 100 | 7,336 | (-)136 |
Jeera Jun | NCDEX | 100 | 21,700 | (-)55 |
Turmeric Jun | NCDEX | 100 | 14,030 | 98 |
End
Edited by Saji George Titus
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